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HUNT'S MERCHANTS' MAGAZINE.
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES.
FBotered acoordInK to Act of Congress, In tbe year 1891, hr
VOL.
Wm.
B.
Dana
<fe
Co., In the oHlce of the Librarian of Congress, Washington, D. O.]
SATURDAY, OCTOBER
53.
NO.
10. 1891.
1.372.
speculative transactions at the Stock Exchange, of course, in
considerable measure accounts for the decrease at New York.
The comparison with a year ago shows that while there is a
gain at New York of 5-2 per cent, the total for all other cities
%\xz ^hxonidt.
Terms of Subscription— Payable in Adrance:
records a decline of 2'1 per cent, leaving the excess in the
For One Tear (including postage)
$10 20
For Six Months
do.
6 10
European Subscription (Including postage)
11 50
European Subscription Six Months (includtng postage).
6 75
Annual Subscription in London (Including postage)
£2 Ss.
whole country 2 "3 per cent. Considered by sections, the Elastern is the only one exhibiting clearings above thoae of 1890,
Of the 59 cities furnishing comparative returns, thirty-four
Six Mos.
do.
do.
do.
£1 9s.
record losses, and in some instances they are rather heavy
These prices Include the Investors' Supplehekt, of 150 pages
Issued every other month, on the last Saturdays of Jan., March, May, On the other hand, the most important gains are at Houston
July, Sept. and Nor., and furnished without extra charge to all 45'8 per cent, and Lexington 20-8 per cent.
subscribers of the Chronicle.
A tile cover Is furnished at 50 cents; postage on the game la 18
Volumes bound for subscribers at $1 00.
Subscriptions will be continued until definitely ordered stopped. The
publishers caunot he responsible for remittances unless made by drafts
or Post OfBce money orders.
Wetk BrxKno
cents.
Terms of Adrertisin?—(Per Inch
•One time
(4
(8
London
^Oan
Q.
bolM.)
tanta
bvululs.)
(PetroUwn
bbls.)
Boston
IVILLIAin B.
DANA
118,700,
106,419,323
5,804,
2,278,
1,774,
1,882,
1,35M,
xew Haven...
Springfleld
Worcester....
Portland
102 IVllllam Street, NEW
Post Office box 958
YORK.
New Bedford,.
Total New Bngland.
^t
RMunu
I>v
TelivravK
1891.
"New York
Boston
Chicago
,
Orleans
AU
,
Total aU cities, 6 days.,
clUes, 1
ToUl
week...
12,619,961
78,940.000
17,690,308
-6-8
-2-2
-10-3
-10-9
+6-7
113,440,106
+U-9
73,776,363
13,280,238
13,836,837
7,964,188
1,412,947
1.278,141
820,800
826,710
+4-8
-16-1
—1-6
-0-9
-0-0
+6-1
113,294,305
+0-8
+9-8
+7-8
-19-7
-0-8
-1-7
+31-2
-6-8
31-9
+31-9
+2-6
S882,8S0,348
141,687,932
$938,624,244
150,818,293
-5-8
CI, 021.538,280
*l,0i^9,440,637
201,411,216
211,871,639
$1,325.949.496
I
-81
(1,331,313,176
)
<»ur8e, furnish
them
868,995
82.522,153
14,002.250
9.620.818
6,864,204
6,806.965
3,508,100
2,011.012
1,868.944
778,955
+10-1
86,638,926
12,877,860
7,188,552
6,712,807
6,434,852
3,173,800
1,874,768
1,717,813
S2U,634
136,393,304
186,684,401
-0-9
126,638,991
+6-0
21,088,440
2,017,428
--7-6
16,864,706
2,396,982
1,286.264
1,080,276
+«-4
+17-1
Los Angeles....
18,606,678
2,400,000
1,600,000
965,206
l,«04,85e
720,600
Total PaotSe..
26,396,443
'l7i882,15S
10.032,713
8,768,434
6,120,690
4,007,221
4,098,041
2,316,419
1,613,150
836,360
8,851,206
8,296,372
4,480,642
6,069,134
4,782,196
2,101,130
1,427.924
1.049.806
782.002
760.028
«
Cincinnati
Milwaukee
Indianapolis...
I'eoria
1,438,.)
...
.
Grand Rapids..
Total Middle Western.
Han Francisco.
Portland
Salt Lake City..
Seattle
Kansas City...
MiDueapolla...
St.
Paol
Duluth
St. Joseph
Sioux City
De^ .Molnee....
Wichita
Total other Western..
are our usual deteUed figures for the
previous week, that is NashvUle
Memphis
oovering the returns for the period ending
with Saturday Dallas
Kort Worth
noon October 3, with the comparative totals in 1890.
.Norfolk
Chattwioogs....
The aggregate for all the clearing-houses exhibits a loss BIrmlnithaiii....
Leztagton
from the preceding week of seventy-two millions of dollars, a
due entirely to the falling off at New York, for the total
outside of thU city is more than thirty-seven
and a half mil-
result
'
lions greater
than for September
26.
The reduced volume
of
1S,S0H,.'>00
8,758,697
6,712,167
6,485,073
3,166,600
1.966,376
bank clearings being made up by
St. Louis
the various clearing houses at noon on Saturday,
and hence in New Orleans....
Loaisvllle
the above the last twenty-tour hours of the
week have to be Oalveetoa
in aU cases estimated, as we
Honston*
go to press Friday night. Below Richmond
to-day,
-9-4
—1-3
-6-3
+6-6
+7-4
83,857,480
Chloaco
-60 Omaha
Denver
-17-1
-192
124,783,858
The full details of clearings for the week covered by the liincolo
above statement will be given next Saturday, We cannot, of Topoka
I
l.'!,123,462
13,98:f,84()
113,113,277
-06 Tacoma
-4o
day
all cities for
61,881,1286
Percent.
9,033,9tt7
,
Seven cities, 5 days
Other cities, 6 days
««75,501,153
86,047,570
84.106.219
58,621,934
11.148,000
75,*4H,00a
18,135,197
8,624,294
..... .....,.„,.,
8t LonU
New
1890.
»629,67f',704
PWlartelphta
Baltimore.
October iO.
l,UI,^b3
8,093,1.V)
Cleveland
Coiumt)U8
WuX Sndint
1,026,882
1.236,812
1.068,763
672,383
366,934
+18-8
+0-1
-6-6
-1-1
-12-5
+10-8
-14-1
+10-7
+6-8
101,764,171
4,406,700
1,747,127
8,074,086
1,637,393
1,478.756
708.954
781.821
Detroit
Clkasinob.
+«6-»
(3,692.895) (+179-2)
(723,200) (+66-6)
(83,836,775) (+36-61
(2,028,000) (+67-0)
-8-7
HutTalo
>
718,130
133,362
814,066,6112
79,288,013
18,234.649
15,407,487
made up by
been 11,235,919,496, against 11,301,138,650 last week and $1,831
312,176 the corresponding week last year.
821,
460,
+«-l
+18-2
-6-8
-0-8
-10-1
+16-2
+6-2
p. Cent-
121,085,061
Washington.
....
telegraph, etc., indicates Rochester
Wilmington...
the total bank clearings of all the clearing houses of the ^rraouse
United States for the week ending to-day, Ootober 10, haveTotal Middle..
table,
1,361
+6-9
+6-5
Sept. a»
1891.
72,364,987
Baltimore
CLEARING HOUSE RETURNS.
6..'>01,300
2.142,731
1,601.429
1,466,616
1,389,088
1,516,062
Wuli KtuVt
127,940,642
Philadelphia..
PlttahurK
The following
-f6-2
;(1.157.498) (+123-81
(391.500) (+14-7)
(24,367,837) (+6«-8
(2,461,000) (+1291
liOwell
Co., Pnbllsliera'
dc
761,583,111
IP. Cent
(8.591,486)
(449,000)
(40,620,725)
(6,638,000)
Hartford
i
Is. each.
DANA.
FLOTD.
804,460,674
>lmret.)
Providence....
Atcenta
Messrs. Edwards A Smith, 1 Drapers' Gardens, E. C, will take sub
oriptlons and advertisements, and supply single copies of the paper at
B.
York
(Cotton
$ 3 50 Three Months (13 times). .$25 00
"
times).. 1100 Six Months
(26
).. 43 00
"
).
18 00 Twelve Months (52 " ).. 58 00
1
One Month
Two Months
WILLIAM
.\<iw
Salrt of—
(fitKka
space).
October 8.
1880.
Total Sontham...,
ToUlall
Ontilde
'
New
9^,067
610,734
656,623
895,936
1,729,678
1,400,540
744.179
888,261
l,6i<l.281
1,124,172
1,183,632
624,300
862.460
428.160
"89,068,387
38,882,141
21,386,246
8,719,603
21,923,C«3
8.818,097
7,868,136
4,776,712
2,328,132
»,7W,9»7
4,700,000
3,893,732
s,9ao,ooo
1.937,173
1,»SS,123
800,^100
2,ae8,»M
2,168,618
1.888,6»1
1,8663 ;8
—120
~-9-4
+1-2
—4-6
-8-0
+0-7
-5-6
-10-0
-2-7
-203
+18-0
-1-0
-14-1
+1-8
+16-4
+0-8
+6-8
+14-3
-21-8
-14-0
+10-2
+8-0
-20-3
-16-6
-81-S
-84-8
-7-8
~ir869,846
+r6
8,964,846
8,820,660
6,004.931
4.226,887
3,979,140
2.823,847
+6-6
+43-4
+19-0
l,4ti8,68<l
714.166
646,069
490,044
604,806
388.223
21.878,879
7,6.10,473
6,403,»01
+»S
-10-7
+14
-41-6
-88-9
899,907
—18«
-ors
M8.039
681,000
702,189
464,629
64,766,013
67,188,^68
t07,»07,467
+0^9
-26-6
+42-2
-ri
1,2M,80«
1,801,138,660 l.S71,8S0,678
+71
848,020
742,808
-14-6
-1-6
+45-8
660,000
York.
49e,a7a,07a
Net loeladed In totals.
1-7
-12-8
-18-8
+17-7
-«-7
—-0-8
ai-9
-83D
-U-9
l7,9«o!«ll
-8-6
1,023,866
849,000
tUMl
+ifJ
-40-9
+9U-8
4.M8,S67
+10-4
+6-0
-9-2
+19-1
•2,476,403
1.871,aM
1,600,107
1,378,763
644,009
476,260
1,068,018
840,000
t7«,«60
-9-8
-0-0
-46-1
+oi
-86-9
-U-0
S41.n8
+0-1
47,107,877
+r4
_+rs
1.878,087,466
+18-0
-=n
~itS;oob3»4l
~+ff>
THE CHRONICLE.
496
to
THE FINANCIAL SITUATION.
Vol. UII.
[
husband their resources rather than loan them out
freely.
Money on call as represented by bankers' balances
country have
Affairs here and throughout the
remained without any essential change during the loaned at C and at 3 per cent during the week, averagrenewals were made. Banks and
week. All the conditions continue extremely favor- ing about 5^, at which
remains,
maintained
6 per cent as the minitrust
companies
able and perfect confidence in the outcome
in
good demand and some
Exchange
mum.
money
was
Time
Stock
but haste to discount the future at the
part
a
inclination
an
lenders
manifested
to be more libgood
have
in
is
This latter feature
is less eager.
which
First-class
eral
in
offerings.
collateral
their
is
values
in
rise
substantial
natural growth of the
the
body
for
of
disclosures
demanded,
both
the
loan
recent
the
to
added
place,
has already taken
on this security money
and the margin, and
of great weakness in a certain class of railroad properat
sigu,
obtained
per
can
cent
for
healthful
be
5^
as
a
therefore
taken
should
be
It
ties.
and when coupled with the marvelous growth in thirty to sixty days and at 6 per cent for three to six
income the roads are now showing it becomes a sure months. On ordinary collateral 6 per cent is bid for
promise of a stable market and prevents a rash specu- all periods, with but a limited business doing. Mercantile paper is dull, especially in this city, where the
lative one.
America,
banks are keeping their money to satisfy the demands
in
events
In the absence of conspicuous
Boston banks and those in other
in
of
their customers.
occurrences
upon
largely
interest here has centred
require
their funds for home dealso
their
reEastern
cities
in
having
as
interpreted
are
Europe which
moter aspect a financial, because a political, influence. mands, and consequently there are few buyers of paper.
We have remarked in another column upon the num- The supply is not large, for many of the merchants
ber and importance of the week's record of deaths in have made provision for this period of the year, and
England. No one can contemplate the dropping out what accommodation they require they can obtain from
Where
circle of active lite of such leading characters
without the suggestion arising of material change in
their banks.
Great Britain and of possible com'plications in Europe
Indeed, Egyptian bonds weakened on
as the result.
London,
and our market was said to have
Wednesday at
been affected similarly over the mere thought of the
are 5| to 6 per cent
from the
Liberal party
coming into power and
of
Mr. Gladstone
carrying out his idea expressed a few days previously
of reopening
the Egyptian question.
Mr. Gladstone,
with all his gifts and all his worth, has, when at the
head of the government, invariably been unfortunate in
his foreign policy.
one
is
And
hence, though just now every-
anticipating a change of parties in Great Britain
as a sure event of the near future, it
new
may
be, in case of
somewhat higher
transactions are
made they
figures than the quoted rates,
for sixty to
are at
which
ninety day endorsed
months commission
house names, and 6^ to 7^ for good single names having,
bills
receivable, 6 to
6^ for four
from four to six months to run.
There have been almost daily rumors
of a disquiet-
ing character regarding financial affairs abroad, with
It was rumored that a
some magnitude was impending in London.
but few facts of importance.
failure of
This was an exaggerated report of the troubles of
Arthur Levy & Co., merchants, who suspended on
Wednesday with
that
houses
liabilities
dealing
of
$600,000.
It
in Argentines were
was said
unfavor-
the remembrance of Gladstone's ably affected by the resort of that government to a
and the present sensitive and complicated con- forced currency and by the consequent advance in the
dition of European politics, will serve to relegate to gold premium, but it became evident on Thursday
a secondary place
domestic questions.
However, that the managers of the Bank of England regarded the
this contingency of a change in the political party situation as not at all
alarming, for they mainin power in England is to-day so very remote, as well tained a 3 per cent rate of discount in the face of large
as so very uncertain, that it can hardly form a serious withdrawals of gold for the week.
There was news
basis for transactions in securities, on this side of the of depression on the Berlin Bourse because of the exAtlantic at least.
pectation that Russia would prohibit the export of wheat,
The money market has continued about as we re- but it appears that there was no foundation for the
ported it last week, though perhaps a shade easier, fear. From Paris came the statement that the Russian,
especially towards the close.
Bank reserves have, how- loan, which is being managed by a syndicate, was likely
a
election, that
failing,
ever,
been increasing in consequence of the double
to be unsuccessful, but
this
has not been confirmed^
movement from the Treasury and from gold imports. Discounts in London of sixty to ninety day bank bills
With regard to the latter, the arrivals this week have are reported by cable at 2|-@3 per cent. The openbeen $4,488,000, all of which came in on Monday. market rate at Paris is 3|@3; at Berlin it is 3^ and at
During the same time the diibursements by the Sub- Frankfort 3^ per cent. The Bank of England lost
Treasury in this city have reached $4,300,000 more £1,433,000 bullion during the week. This, as we are
than the amount of its receipts, which brings up the informed by special cable to us, was due to the export,
total
new supply of our Clearing House institu- principally to the United States and Egypt, of £933,000,
during the week to about $8,788,000. From
course
must
be
taken
the
shipments of currency to the interior, but after
deducting the outflow on that account there is still
tions
shipments of £649,090 to the interior of Great Britain,
to imports, wholly from Australia and Portugal,, of
£148,000. The Bank of France lost £337,000 gold, and.
the Bank of Germany, since the last report, shows ftleft several million dollars;
so that the statement decrease of about £1,394,000 of this metal.
which will be made public to-day will doubtless show
Foreign exchange has been dull and steady thir
an increase in the reserves. But thij addition
was week, with an easier tone for long sterling. Tlie arbitrage
needed, since, according to last Saturday's statement, operations have had
little influence either way, although
four of the larger banks held 14,387,300 surplus,
of
stocks
for
the
sales
European account have exceeded
while
the institutions as a whole had only $3,102,750
purchases.
the
Commercial
hence
bills are not plentiful, but
;
» great majority of the number must at that time have at the same time they are not scarce.
On Monday the
been below the 25 per cent limit and therefore
inclined only change compared with Friday last was by the
this
of
to
and
October
Bank
10,
THE CHRONICLK
18M.J
Montreal, which reduced the long rate to
On Tuesday Baring, Magoun & Co. alao low-
of
4 80^.
ered the long rate to the same figure.
Brown Bros, reduced it to 4 80 and the
On Wednesday
497
761, against $100,771,820.
Theae comparisons
the past, and are useful chiefly in showing
refer to
how
aerere
has been the depression through whicii we have passed,
Bank of British and how pronounced the eflects. The future happily
North America to 4 80^. No change has been made affords promise of different and very much more ensince. Tlie market closed dull and steady with nominal couraging results.
It has been known that new railroad construction ia
iites 4 80 to 4 80^ for sixty-day and 4 84 for sight.
Uates for actual business were 4 79i to 4 80 for long, the United States was going on' at a greatly reduced
From figures just published by the Railway Age
83 to 4 83i for short, 4 83^ to 4 83| for cable trans- rate.
fers, 4 78J to 4 79 for prime and 4 78i to 4 78^ for of Chicago it appears likely that the new mileage for
1891 will be the smallest of any twelve-month period
documentary commercial bills.
is
natural
under
but
that
quiet,
rather
many years past. The unsatisfactory conditions
remains
for
Trade
I
1
It cannot be expected that after as to trade, noted above, of course militated against
the circumstances.
the many adverse influences and events which marked the building of a very large amount of new road,
the course of affairs between the summer of 1890 and
the summer of 1891,'an immediate and very decided re-
but in addition there were special drawbacks in the
inability to sell railroad bonds, there being only
demand even
covery should ensue, even though the outlook for the
future appears very promising. Yet, as previously said,
different
control the course of business during the next twelve
our roads.
months, such as crop?, exports, railroad earnings, &c.,
quences
for the best issues,
an in-
and the
in-
European account having almost entirely
the pig-iron fallen away. This latter was an influence of very great
there are distinct signs of improvement
and as far as importance, since Europe had for many years absorbed
trade, for example, being an illustration
can be judged from the leading conditions which must a large proportion of the new bonds issued on
—
—
tlie
indications point as strongly to a revival of activity
ago in the opposite direction. It is
how very severe was the nature
We have an
of the depressing influences at work.
illustration in the statement of mercantile failures for
the third quarter of the year, issued this week by
Hi they did a year
not generally recognized
Messrs. R. G.
the
number
of
Dun &
Co.,
and showing an increase in
compared with last
iasolvent traders a^
The
year in every leading section of the country.
total number of failures for the three months of 1891
is
placed at 2,754, against only 2,196 in 1890, 2,276 in
quiry on
Besides,
in
view
of
the
evil
conse-
which resulted from the reckless connew mileage a few years back, there has
of
struction
marked
disinclination to encourage other new
a
been
The Railway Age finds that during the nine
ventures.
months ending September 30 only 2,892 miles of new
track were laid in the United States, being about 950
miles less than for the corresponding nine months last
year, which our readers know was not a year of active
The Age thinks that the total new
construction.
In
track laid for 1891 will be leas than 5,000 miles.
no other year since 1885 has the aggregate been so
small as this.
The
liabilities amount to $44,Reports of railroad earnings for current periods con135,452,436 for 1890, and tinue very satisfactory.
We review the figures of
this in the face of the fact that in the New England gross for September quite at length in another article,
States the amount was only $3,743,835, against $11,585,- and they make a good comparison with a year ago.
540, there having been fewer large failures in that sec- In the matter of net earnings, the Wabash statement
tion, though evidently more small failures, as the for August shows $420,185 in the month this year,
number of bankruptcies is larger than for 1890 even against $370,788 in the month last year, gross being
1889 and 2,361 in 1888.
302,494 for
1891, against
there.
$1,373,470, against $1,194,406.
The South
of course ^shows greatly enlarged totals,
return for the same
month has
The Northern Pacific
also
come to'hand
this
both as to the number of failures and the amount of week and indicates a slight falling off in net, which at
liabilities.
A good many circumstances have conspired $854,835 compares with $895,608 in August, 1890. This
For the Wisconsin
to make such an outcome inevitable
as, for example, is on the Northern Pacific proper.
the low price of cotton, the depression in the iron trade, Central the totals do not differ much in the two years,
the collapse of real estate speculations and the general net for 1891 being $195,582 and for 1890 $195,111.
reaction which has been in progress in that section. The Oregon Improvement, while having lost a little
It appears that there were 558 failures in the three in gross, reports net of $140,165,«again8t only $103,735.
months of 1891, against 353 in 1890, the liabilities The Philadelphia & Erie is another road which has
—
amounting to $9,309,987, against $4,305,302. For the gained heavily in net, its totals being $205,148, against
nine months the failures in that section have been $135,022.
The Cleveland Cincinnati St. Leuis &
',012, against 1,322, and the liabilities $29,952,441, Chicago reports net of $403,023, against $346,617, the
against $11,854,884.
Bui the reaction from the great Cincinnati Sandusky & Cleveland being included for
which the South had previously experienced,
now about run its course,
ftnd in the iron trade certainly the tendency is towards
improvement. The Middle States also aflford evidence
of the unfavorable conditions which prevailed.
For
activity
may be
considered as having
the quarter the failures there aggregate 727, against 576,
and the
$15,742,852, against $3,483,070; for
the nine months the failures are 2,198, against 2,000,
and the liabilities $47,311,060, against $36,144,986. The
liabilities
The New York Ontario &
Western has net of $95,600, against $89,188; the
Chicago & West Michigan $55,855, against $53,919;
the Detroit Lansing k Northern $62,193, against $48,790; the Flint & Pere Marquette $84,790, against
1891 but not for 1890.
$63,214; the Mexican Central $165,838, against $179,Ohio& Mississippi $165,889,'again8t $168,346;
344; the
and the Kansas City Memphis
& Birmingham
$9,653,
against $24,477.
record for the Western States affords a somewhat better
On the Stock Exchange, transactions have been on>
comparison, and yet the failures there, too, are larger in greatly reduced scale, and the course of prices has been
both number and liabilities. For the entire country the irregular. The tone remains strong on the whole, but
number of disasters for the nine months is 8,828, the market is drifting intodullness. Buying by the outagainst 7,681, and the
amount
of liabilities $136,718,-
side public has fallen off.
There have been few devel-
THE CHRONICLE
49 S
opmentB
of
the intrinsic meru of
Shipments of wheat at present are
back, but yet are of consid-
moment
affecting
share properties.
not as large as a few weeks
erable dimensions, and gold
continues to flow this
be a
Missouri Pacific has ceased to
way from Europe.
still
fluctuating
though still
disturbing factor in the market,
yesterday, while not
market
The
feverishly.
LVoL. LIU-
issued in folio size, like that of the
New York
&
Central,
Blabthe Pennsylvania,
orate statistical tabulations have always been a feature
of the Nashville reports, and the new form is well
the
Baltimore
Ohio,
Ac.
adapted to displaying these tables to advantage, and
allowing of their presentation without the breaks
The
which a smaller page-size would necessitate.
is signed by Mr August Belmont, Chairman of
being very active, evinced strength.
from returns the Board, and Mr. M. H. Smith, the President, and
The following statement, made up
for the year are shown by means of a series
receipts and shipments the results
collected by us, shows the week's
of summarized statements, which reveal at a glance
York banks.
of currency and gold by the New
the salient points in the accounts and history of the
somewhat
report
Wttk «ndin»
Oct.
W.r. Banla.\N. T.Bank$.
\
"iTwiiooofw.eis.ooolLoss.ss, 137.000
Onrrency..
1,900,000 Loaa.
'iOO,00(>l
Sold
with
l .oOO.OOO
tl.Sal.OOol $6.518.00olLoa8.$1.627.nOO
Total goia and l»g«l tepderg.—
Result
Sub-Treasury
gold
and
operations
imports.
WttK SnMna
Oct.
Int«
Banla.
9. 1891.
Total told and legal tendera
The
. .
Out of
Wet Ohange in
Bankt.
Bank Holdingt.
S6,618,000 Lo8a.$4.637,000
17,000,000 Gain. 8,738,000
$1,891,00(
ka' Interior movement, as abovi
Bub-Treas. oper. anil gold imports.
25,788,000
$27.679.000 $23,518,000 aaln.$l,161,000
following table indicates the
in the principal
European banks
amount
this
of bullion
week, and at the
corresponding date last year.
Oct. 9, 1890.
Oct. S, 1891.
Bank
of
EngiuaA
Oold.
SUver.
t
Gold.
SUver.
TotaL
£
X
£
£
13.860,634
19,422,662
23.680,534
Mttherlanda..
Nat. B'l(lnm>
Tet.thl» week
Tot. prer. w'k
Total.
£
19,482.56J
88,000 50,261,000 102.839,000' 49.713,000; 49,915,000
83,195,760 11,086,260 14,181,000 12,603,333| 11,801,867
4,965,000 16,810,000
6,474,000 ie.»i5.aoo 21,989.000
4,815,000 5,803,000
9,630,000
8,554.000 5,978.000
99.828,000
1,479,000
4,437,000
62.r
Oermany*. ..
nat.-Hnn'y.
2,900,000
twelve months and these statements are allowed to
speak for themselves it being deemed unnecessary to
accompany them by any elaborate general comments
;
9. 18«l.
1,150.000
4,350,000
1,958,000
J3,905,0DJ
11,661,000
10,118.000
m,»72,»84 85,257,J60 308,829.584 104,486,895 81.808.887ll89,075,68S
114.874,213 86,881.887 «10,«58.8!>0ll08.(l34.925i»5.515.887 192.450.592
The diWsion (between gold and silver) given In our table of coin and
bnlllcn In the Bank of Germany and tbe Bank of Belgium Is made from
the best estimate we are able to obtain; in neltlier case Is It claimed to
be accurate, as those banks make no distlnotiou In their weekly returnp,
merely reporting the total gold and silver, but we beUeve the dlvialon
we make is a close approximation.
NOTB.—We receive the foregoing results weekly by cable, and while not
•
>U of the date given at the head of the column, they are the
iHued nearest to that date—that is, the latest reported Ugurep.
returni:
—
or remarks.
In point of mileage, of course the Louisville &
Nashville takes rank with some of the largest systems
of the day, the total length of road owned, operated and controlled (including in this the recently-acquired Kentucky Central, the Nashville Chattanooga &
St. Louis and the 721 miles on the Georgia Railroad
and dependencies in which the L.
S NASHVILLE.
is
interested
operated and included in the year's accounts, which
for the twelve months covers an average of 2,350 miles,
we find that gross earnings on this mileage reached
This is only $374,000 in excess of the
the year preceding, but over six million
dollars in excess of the amount five years before, in
1885-86. Net earnings were not quite as large as in
$19,220,728.
amount
for
the year preceding, standing at $7,162,284, against
$7,426,911, the operating cost having increased, as in
other sections of the country; at $7,162,284, however, the amount compares with only $4,950,289 in
1885-86.
1885-6 results were rather poor, but
the recovery from this period of depression that
With gross of
lends special interest to the comparison.
but little over 13 million dollars in that year, if any one
had at that time ventured to predict that in the period of
It is true that in
it
is
five years the
GROWTH OF LOUISVILLE
& N.
as joint lessee with the Central of Georgia) being 4,708
Taking, however, only the mileage directly
miles.
cent,
to
amount would be increased nearly 50 per
$19,230,728,
and that
the net would
rise
from $4,950,288 to $7,162,284, the prediction would
Perhaps the most striking feature in the annual
& Nashville, which we print have been regarded as reflecting more credit upon his
our
railroad
columns, is the testi- powers of imagination than upon his capacity for indiin
at length to-day
mony it affords of the steady growth and development cating actual possibilities ; and yet the earnings have
report of the Louisville
and every year since that time,
year, owing to heavy expenses, as
for the late year, and those say only half a decade already stated, the net fell off slightly from the total
previously, or for 1885-6, ii very noteworthy indeed. of the year preceding.
If we go back of 1885-6 and
In that circumstance we have an illu3tration]at [once compare with the best totals reached prior to that time,
of the wonderful industrial activity and expansion the increase is only less remarkable than that already
which have characterized the recent history of the shown, for we find that while in 1883-84 gross was $14,South and of the care taken to secure to the Louisville & 261,386, in 1890-91 the total was five millions more,
Nashville a share in the enlarged traffic resulting from and against $5,742,354 net for 1884-85 the amount in
this activity, and by low tariffs and wise management 1890-91 had risen to $7,162,284.
further to promote and stimulate it.
The Nashville
Nor can it be contended that increased mileage has
has done its part in opening up the mineral resources been responsible for the growth in any but a very small
of the section, and it is from the mineral development measure.
For 1890-91, as already stated, the average
that the quickened trade and manufacturing activity number of miles operated was 2,250; for 1885-86 it wM
have sprung, creating new enterprises, new cities and 1,943 miles. That is, the addition has been only about
towns, and a constantly-expanding body of consumers 300 miles, and as compared with some of the earlier
and producers.
years the increase would not be quite as much as that.
One evidence of the growth in the extent of the Taking the earnings per mile as a basis of the progress
company's operations and affairs is seen in the enlarged made, it must be considered that quite a high average
form of report which the management have now found has been attained, the gross for both of the last two
themselves obliged to adopt, the present report being years having been in excess of $8,500 per mile $8,541
of the operations of the system.
is
With each year
traffic
getting larger, and the contrast between the results
increased in each
though in the
late
—
—
OCToBKK
THE (CHRONICLE.
18<1.]
10,
499
in 1885-8fi the cola & Atlantic as part of the parent syntcm of the
for 1890-91 and $8,573 for 1889-90
As for the rest of the
average waa but $6,738; in 1884-85, $0,961; and in Louisville &, Nashville
1883-84, $7,139. As to the not earnings they were $3,- increase in charge's over last year, so much of it a*
182 per mile in 1890-91 and $3,378 per mile in 1889- arises from the opening of new mileage will of coart*
be offset in part or in whole by the net earning!
90, against $2,547 in 1885-86 and $2,88G in 1884-85.
;
more satisfactory in view of the
sytem of its size. Th«
road has a considerable traffic in coal and otlier minerals, which will not bear high rates of transportation,
and yet to those who have not followed the coarse of
the company's affairs it will be somewhat of a surprise
to hear that taking the freight tonnage as a whole the
average per ton per mile on the Louisville & Nashville
is as low as on leading Western systems, being less than
There was in the late
a cent per ton per mile.
which may be contributed by such now mileage.
Aq important piece of new road is the Cumberland
Valley, which constitutes the link connecting the
Louisville & Nashville with the Norfolk & Western.
This line draws coal and coke from the Pocahontaa
district, which district furnishes such excellent Bup<
plies of fuel of that kind, and the line at the same
year a further decline, reducing the average to 970
thousandths of a cent. It will be remembered that in
the
Such
results are the
low average rates realized for a
time affords the assurance of
a large
business between points on the Norfolk
&
merchandise
Western and
It should also be noted that in this waj
Kentucky Central will be very useful for developing trade and traffic with Cincinnati aside from the
Cen- advantage which the Central's terminals in the
Louisville.
—
our review last week of the report of the Illinois
tral we found the average for that road to be 934 city gives the Louisville
On
thousandths.
the Chicago Milwaukee
&
St.
Paul
and the Chicago & Northwestern the average in the
was in both cases slightly in excess of a
cent per ton mile the figure on the St. Paul being
1-003 cent and on the Northwest 1002 cent.
As the company hai been able to attain its present
prosperous basis on such low average rates, its situation of course is all the more satisfactory and assuring.
late fiscal year
—
Granting that there may be further declines, yet it
cannot be supposed that the reduction will in any one
year barring a rate war— be of such dimensions as to
threaten a serious loss in income on that account. As
is known, the stock of the road has now become a
But while dividends in the
regular dividend payer.
years immediately preceding were paid either wholly
or partly in stock, in the late year they were paid
entirely in cash and on an enlarged amount of stock.
There is no better way of indicating the degree of prosperity attending the company's operations than to state
that out of the year's income $3,400,000 in dividends
were paid, and that even then a surplus of $656,226
remained from the income of the twelve months, and
this, too, after allowing for the loss on the Pensj.cola
& Atlantic and the Alabama Mineral. The $2,400,000 for dividends represents 5 per cent on $48,000,000
—
of
stock.
Since the
close
of
the year the stock
been further increased to $52,800,000 to get
means to pay for the new shares of Nashville Chattanooga & St. Louis, etc.; but on the income of the late
year the company could have paid the regular dividends
has
with the Norfolk
& Nashville. The connection
& Western was made last May, but
new route was not opened
to through traffic till
have proved very satisfactory;
in fact, this Cumberland Valley line has apparently
proved a profitable investment from the first. On the
fifty miles, from Corbin to Cumberland Gap, operated
the
July.
The
results thus far
in the late year, net earnings
from
local business alone
(the through route not then being in
$137,293, which
is
operation) were
$66,000 over and above interest on
the cost of those fifty miles-
Aside from the promise which the opening of this
through route affords, and aside from the contribution
of earnings expected from the Kentucky Central and
other new acquisitions, the general outlook would seem
The Southern iron industry,
to be quite encouraging.
after having experienced a period of considerable depression, is now beginning to show signs of improvement. We are informed that most of the furnacei
about Birmingham are again in blast. In the Anniston
district, though, the activity is not yet very pronounced,
and hence the Alabama Mineral Road at present is not
making the earnings which it is expected to make later
on
Thus far in the current year the monthly returns
of the L. &
have not been disappointing, even allowing for the fact that the 1891 earnings are based on a
much larger mileage than those for 1890, since the
Kentucky Central, Alabama Mineral and other roads
are now embraced in the returns. For September, gross
earnings on the enlarged mileage are $145,122 better
than a year ago ; and for July and August (for which
period we have the net as well as the gross) there was
N
on the enlarged amount of stock and yet have left over
a surplus of $416,226.
an increase over 1890 of $139,449 in net and of $410,From the statement given to show the charges for 723 in gross.
interest, rentals, &c., in the current fiscal year, it
As regards the company's finances, the large outlays
appears that $4,790,047 will be required for that pur- on capital account for additions and improvements and
pose.
This
amount
is
apparently $582,418 in excess of
for the late year,
but
it
the
for
new road have led
amount
includes full interest debt, but the
to the creation of
some
floating
not large or burdensome, is
and well within the ability of the
is
on the Kentucky Central Jjonds, against which the abundantly off-set,
company will have the income derived from the opera- company to carry at its pleasure. There was on June
tion of that road, and it also includes $180,000 inter- 30, 1891, a total of $3,294,574 of bills payable. Adding
est on the Pensacola & Atlantic bonds, which in pre- to this pay-rolls and vouchers, interest and various
vious years were treated separately.
As the Pensacola amounts due or accrued, and also the $1,200,000 re& Atlantic is operated at a loss and the Louisville & quired for the dividend paid in August, the grand
Nashville has always made good the deficiency and aggregate of current liabilities reaches $7,875,138- As
charged it up in its accounts (the late year's income against this, the company had $924,348 of actual cash,
for instance having had to bear a reduction of $189,991 $:!, 395,901 of accoHnts and bills receivable, and hold
in that way), the $180,000 increase
in interest charges
besides
in
its
treasury, unsold, $2,536,000 of
its
new
on that account is really not an increase at all, being unified 4 per cent bonds. The net amount of the floatdue simply to a change in the method of stating the ing debt therefore was but little in access of a million
accounts arising from the incorporation of the Pensa- dollars.
THE CHIIONIOLE.
^00
EXHIBIT OF THE CLEVELAND
CIXGINNATI- CHICAGO &
LOUIS.
ST.
On
the whole, then, the year was one well calculated
company to maintain the po-
to test the ability of the
sition
To interpret properly the report of the Cleveland
endCincinnati Chicago & St. Louis for the fiscal year
[Vol. Lin.
which
it
had assumed
as
a dividend payer.
Of
the two principal constituent companies composing the
present Big Four system, the Cincinnati Indianapolis
mind what St. Louis & Chicago had been raised by Mr. Ingalls
ing June 30, 1891, it is necessary to bear in
Since from a state of bankruptcy to a position of great prosperiod.
were the ruling conditions during that
ColumCleveland
perity, where regular dividends were paid (in much the
the original consolidation of the old
InCincinnati
the
same manner that the Chesapeake & Ohio has been
with
bus Cincinnati & Indianapolis
dianapolis St. Louis
&
Chicago, the mileage of the sys-
tem has been extended through further acquisitions,
but the location of the system has not been changed
that is, while there have been additions, they have been
in substantially the same section of country as that oc-
transformed).
&
cinnati
Illinois.
traffic
first
and
place,
that the 1S90 crops were short, involving a diminution
A large proin the agricultural tonnage of the road.
the Cleveland Columbus Cinits
career paid div-
make a good record
enough to warrant the condividends on the common stock of the
in a vear of depression be able to
to show
cupied by the original mileage. The
tem's operations, then, lies in what may be termed the tinuance of
Western Middle States— more particularly Ohio, In- company.
Kow what have been the conditions as to
income in this section? We know, in the
as
idends only irregularly, there was naturally some anxiety
to know whether the new consolidated company would
field of the sys-
diana and
But
Indianapolis had througl^
earnings large
The actual outcome is certainly very satisfactory.
The report shows that over and above the 5 per cent
dividends paid on the preferred shares, calling for
$500,000, and the 3 percent paid on the common stock,
remained on the opera-
calling for 1818,321, a surplus
months of $57,499. Of course, in
produce usually going over the the year preceding the company was able to pay not
portion of the system's tonnage
is
composed
of this class
of freight, agricultural
Vanderbilt connecting lines to the seaboard.
We
see
crops in the fact that while in
tions of the twelve
only the regular 3 per cent on the common shares
but also an extra dividend of 1 per cent, making 4 per
the effect of the short
But even this extra 1 per cent would
the previous fiscal year 919,106 tons of freight (all cent altogether.
kinds) were delivered to the Lake Shore at Cleveland, have been earned except for one special circumstance,
in
the
late
Incidentally,
the amount
year
is
it
worth
fell to
noting
863,164 tons.
how
the Big Four must be as a connection
of
important
the Lake
Shore in furnishing it with a tonnage of such magniThere was also a falling oS in amount of freight
tude.
delivered to the Chesapeake & Ohio, this being 259,648 for 1891, against 279,225 tons for 1890. Per contra, the Big Four received 296,931 tons from the
Chesapeake & Ohio as against 257,068 tons in 1890,
and from the Lake Shore 290,731 tons against 282,310 tons.
But the crop shortage was not the only unfavorable
circumstance. The Middle Western States, as is known,
are by no means an agricultural section exclusively.
They contain large manufacturing industries and quite
a number of iron furnaces. Now manufacturinsr
and general business as well were affected
adversely by the financial panic last autumn, the short
crops, and various other influences, while the iron trade,
as our readers are aware, underwent a period of great
depression depression as severe as any ever experiactivity
—
enced.
The
namely the enhanced price
In referring to
of labor.
the augmentation in expenses, which as has happened
many
with so
earnings
other roads, has served to reduce net
the
in
face of
a
gain
gross receipts.
in
President Ingalls points out that the augmentation
As the amount
of $275,000.
June
30, 1891, was
common
of the
stock
$275,000 is in
Hence the demonstration
$27,247,305, this
excess of 1 per cent on
it.
complete that in consequence of the better wages paid,
stockholders have had to forego 1 per cent in their
is
Big Four system
additional effect in restricting the production and con-
the directors are negotiating with the Ohio
aumption
sippi for
It
is
interesting to note that Mr. Ingalls thinks the
is
now about complete.
He
says that
&
Missis-
Southern business, but that otherwise the system would
seem to be well equipped. He refers to the connection
A
with the Lake Shore and New York Central lines
of the same circumstances, did not tend to improve as furnishing a good outlet to
New York and the New
matters.
Owing to the fact that so large a part of the England States, and to tSie connection with the Chesasystem's traffic is through traffic taken at low rates, the peake & Ohio as furnishing
an outlet to Virginia and;
average for the system has always been near a miniIndeed, in the case of the Big Four, as in the
case of the Chesapeake & Ohio, success depends
alto-
He also refers to the outlets which the|
system has to the West, the J^orthwest and the South--
the Southeast.
west,
and
to
its
excellent facilities
for business
at'
—
gether on the ability to transport business at low rates,
the leading points on its lines all of which leads himi
since it is impossible to realize high rates.
The aver- to the conclusion that "with a few short connecfious,!
age for the late year was 683 thousandths of a cent
per " built or leased, to connect some of its lines, it will'
ton mile, as agn
t 694 thousandths
of a cen* in 1889- " be able to command its share of the business of these
There was
90.
o a slight decline in the average
per " great Central States of Ohio, Indiana and Illinois,
passenger per mile, this being 2-248 cents,
" and the business between the North and South, the
as ao-ainst
°
2*294 cents.
"
=
:
'
a trackage arrangement into Louisville for
It will be gathered from what has been said that the
conditions were not favorable for producing the best results.
slight reduction in rates, in part as the result
mum.
(
dividends.
Connellsville coke strike, in shutting off
the supply of fuel from some of the furnaces, had an
of iron.
is
—
due to no fault of the management that it has arisen
out of an increase in the wages of engineers, firemen,
"The management," he
trainmen and switchmen.
says, "was confronted early in the season with the
"fact that in the amalgamation of a large number of
"lines there were different scales of wages for each of
"them. The men asked for a uniform rate, and ia
"such adjustments the lowest usually goes up to the
"highest, but the highest rarely comes down." The
result has been an increase in expenses on that account
!
:
East and West."
^ ,jl
i
October
THE CHRONICLE.
10, 1891.]
and
BRITISH POLITiaS- SMITH, PARNELL AND
his
strict
501
party
yeoman
Not learned in the
not highly gifted with the
service.
sense of the term,
IIENNESSY.
powers of speech, he was abundantly endowed with
of political life death has been practical common sense; and with admirable skill and
walks
In the higher
Following sagacity he guided and controlled the fierce spirit of
singularly busy during the last few days.
vonerablo
ex-President
the
death
of
debate, avoiding difficulties which might have forced
upon
the
close
Grevy of France came the suicide of Boulanger and divisions and wrecked the Ministry. His death is a
;
grave closed over the mortal remains of
the French adventurer when we are apprised of the
scarcely has
t!ie
deaths of the eccentric king of
Wurtemberg and
of the
Right Hon. William Henry Smith, First Lord of the
Only
Treasury and leader of the House of Commons.
a few hours later and we learn of the sudden passing
away of two of Ireland's most prominent representaCharles Stewart Parnell and Sir John Pope Hentives
Although brought together in a sense by death,
nessy.
and although all of them men of talent and occupying
high places in the eyes of the public, these men had
—
otherwise but
little
in
common.
Some
of
them had
and
serious loss to his chief
difficult to
fill
to his party; for
his place in the
House
it
will
be
Commons.
the deaths of Sir Joha
of
It is somewhat singular that
Pope Hennessy and Mr. Parnell should both be attribif not immediately at least remotely, to the
famous Kilkenny election. There can be no doubt
that it was a fierce and testing struggle, and that to
uted,
many
as well as to the principal contestants
trying alike to body and mind.
ing
commentary on the
it
It is certainly
election that the two
proved
j»
strik-
men who
were chiefly concerned in the result of that day should
die on the same evening, and so far as we have gath-
"
use of the advantages and opportunities ercd about the same time. Neither of the men was
old.
Hennessy was born in 1834. Parnell was ten
which nature, family and education had given them
years his junior.
Both had worked earnestly and with
some of them were yet in the thick of the fight
and some of them had finished their work, if they had some success in the cause of Ireland.
Ilennessy's work, however, was of an earlier date; and
not even outlived their usefulness.
The passing away of three such men as Smith, Par- although on seeking re-admission to Parliament after
nell and Heunessy compels attention to British politics, long absence in the Colonial service, he revealed some of
with which each was more or less prominently identi- his early love, there were few, if any, who imagined that
fied.
Of these the oldest and the most prominent, so he would ever figure again in any prominent way as an
far as official position was concerned, was Mr. W. H. Irish Party leader. Practically his work was done.
He
Smith. The late First Lord of the Treasury furnished entered Parliament in 1859 as member for Kings
a striking example of the change which has been County, and will live in history as the first Catholic
brought about in Great Britain by the successive reform Conservative in the British House of Commons. Born
measures measures which have removed restrictions in Cork, he was educated at Queen's College in that
on trade, and have thus encouraged and stimulated city, and called to the Bar at the Inner Temple in 1S61.
enterprise, which have opened up the way to the high- Without family support, and dependent entirely on his
eat offices u nder the Crown to all without distinction, and own resources, he was attracted by the genius of Dishave thus smoothed down class barriers. In England raeli,
and
ranged himself
under
the Conserwealth has ahvays had its privileges; but time was when vative banner.
the opposition of
In spite of
the wealth which gave Smith
his
opportunity Lord Palmerston, who was then in power, he
would have been less easily won, and it is not so carried several popular
the
measures, winning
long since even his
wealth
Catholics
only
would have
been approbation
not
of
the
Irish
powerless to
secure
for
him the recognition butof the Catholics of the United Kingdom; denounced
which he obtained immediately upon his entering the policy of Russia in Poland and won the sympathy
Parliament. Peel and Gladstone both sprang from of the Poles the world over; opposed the war in China,
|the popular ranks ;
but both the Peel and Glad- and blamed the Government for the bombardment of
stone families had won distinction and been honored the Japanese ports ; took the side of the Northern
with titles before the young men became candidates for States during our Civil War, and otherwise did good
political preferment.
Nor was this all. Peel and Glad- work in the capacity of member of Parliament. On
stone each in his day had had all the advantages which some points he found himself out of touch with his
Eton and Oxford could give them before they entered countrymen; and his circumstances made office-holdinjf^
the Parliamentary arena.
Yet they had to content somewhat of a necessity. In 1867, the Tories being in
themselves for years with very subordinate positions.
power, he was persuaded to accept the post of Governor
This son of a London news vender,Jhowever, no sooner of Labuan. He was successively Governor of the West
Gnds himself in Parliament than he becomes the object African Settlements, of the Bahamas, of the Windward
f
Tory attention. It was in November, 1868, when Islands, of Hong-Kong and of Mauritius. What he
Mr. Smith, having defeated John Stuart Mill as candi- might have done as a Conservative Reformer had he
late for Westminster, first secured a seat in the House been spared it is not easy to say.
He might have been
)f Commons.
In 1874 when Mr. Disraeli came into of great service to the Tories in helping them to carry
lower Mr. Smith was made Financial Secretary of the those Irish measures by which it is hoped to anticipate
Treasury. The appointment occasioned some surprise ; and render unnecessary Mr. Gladstone's Home Rule
)ut the surprise was the less that it was made by Mr. scheme.
His work, however, the presumption is, would
)i8raeli.
Smith had been a pronounced Liberal in have been limited. His death is more or less loss of
lis pre-Parliamentary days.
Disraeli showed his usual strength to the Tories.
irescience in securing this man to his party; for no
Of Mr. Parnell it is difficult to write. Since 1876,
nan has been more useful to the Conservatives in these but especially since 1878, when he was elected in the
ater years than William Henry Smith.
In opposition place of Mr. Isaac Butt President of the Home Rule
iud in office, his ways were ways of wisdom; and as Confederation, he has been the most prominent of all
eader of the House of Commons in times of much Irishmen.
His name and form and features and work
made but poor
;
—
,
aore than
ordinary difliculty, he did Lord Salisbury
are as well
known
all
over the Continent of Europe, in
THE CHRONICLE.
502
[Vol. LIII.
British again placing the road on a profitable and economical
America, in India, and in Australia, as in the
most basis seemed well-nigh hopeless.
S,
the
time
for
a
House of Commons, where he was
ability
President,
states
the
Mr.
the
situation
Ingalls,
showed
very
Parnell
oonspicuous figure. That Mr
That he was successful clearly in his present report, when he says that
as a leader no one can deny.
people under what for years back the whole tendency of railway man- n
Irish
the
with
sympathy
in creating
in the United States has been in thet
grievances has agement
their
and
wrongs
their
called
has been
i
\
"
been abundantly proved oy the enormous sums of
money which, at various times, were placed at his disThat success—final success— was beginning to
posal
appear when he fell from, his proud position is by no
own
prospects
securing increased economy by acquiring l
engines and larger cars, i
and that to this end heavy rails, ballasted roadbed,
strong bridges and long side tracks have become an
direction
of
heavier and more powerful
-
absolute necessity.
With the low
compensameans certain. He
had
tion
prevail,
he
observes,
railway
he
which
now
a
which
doing a
with
cause
the
as a leader, and damaged
should
adhere
refusing
large
which
to
traffic
the
lighter
by
identified,
and
prominently
and
so
been so long
Irish
less
standards
of
a
few
years
died
economical
ago
would
he
when
not i
But
Parliament.
from
retire
to
obviously ruined his
rates
of
" The
reform had ceased to be dependent upon him. The to-day be able to earn its operating expenses.
presumption is that the ranks of the Irish Reformers " principal lines of railway commenced making the
" change gradually ten years (or more) ago, but the*
will be restored to something like their old condition,
the
"impoverished
condition of the Chesapeake & Ohio'
and
but the spirit of Parnell will be wanting;
"
aid
as
rendered
such
a general course impossible for it to»
such
without
question is whether Mr Gladstone
"
able
to
pursue
indeed,
in many respects its financial straits.
will
be
given
time
could
have
;
Parnell at one
push
Home
Rule
"
to victory.
necessitated a retrograde
movement, and the neglect
In view of a general election, which cannot now be " of even ordinary maintenance." And yet in the
long deferred, British politics have become increas- Chesapeake & Ohio case it was above everything else
There are home questions and essential to reduce the cost of transportation to a miniingly inferesting.
foreign questions of the greatest
for solution.
But there
are
too
the most peculiar and dangerous kind
conclusion.
A European war
to permit any exact
may make domestic reform impossible. The death
of Mr. Gladstone might mean the abandonment of the
measures to which he is known to be pledged. The
presumption is that it would detach the Liberal Unioniats from the Tories and lead to the reconstruction of
the -old Liberal Party. Perhaps the deaths which have
this week occurred may have serious and important influence.
They have at least the effect of compelling us
to consider the situation, and to look at the coming
times in the light which they furnish.
of
bilities
THE CHESAPEAKE £
The
issue of the
Chesapeake
OHIO.
&
\
j
freights carried in competition with other
'
routes, and
which must be taken at very low rates or not at alL \
Aside from the improvements necessary to attain this H
end there were some very steep grades to be overcome U
or reduced, and new outlets had also to be provided {^
for the system's traffic.
Thus
had
the work was difficult
and exceptional, and
it
undertaken vigorously, earnestly and intelligently.
But the Drexel-Morgan party clearly saw the
possibilities open to the property under skilful and
to be
careful
management.
They reorganized
i
the company's
:
finances and placed the credit of the concern on a new
and improved basis, such as it had never before known.
In the reorganization, care was taken to place the obligatory fixed charges per annum well within the company's earning capacity, estimating the latter at a very
i
i
]
<
;
<
Ohio report directs
attention anew to the great transformation which has
been wrought in the condition of that property daring
the last two or three years.
In this period it has been
raised from a low level to a high level, both physically
and financially. The achievement attests the wisdom
Mr. Ingalls, who had been so successful in
raising the Big Four, or Cleveland Cincinnati Chicago
& St. Louis system, to a high plane of prosperity, was
|
and farsightedness
made the executive head
j
new
era
in
its
of those directing the property, the
affairs
accession to control.
dating from the time of their
shows the good results
that may be obtained from honest, efficient management, even when applied to a property with a poor and
unsatisfactory record, and whose previous history has
been marked by a series of failures and disasters.
Until the present owners took hold, hardly any one
would have regarded the Chesapeake «& Ohio as affording
It
also
material for a very successful experiment in railroad
management, or as possessing the essentials necessarv
to the establishment of a strong and
prosperous
sys-
tem.
.
,
—
moment all pressing mum, since the traffic which the road could command
many glaring possi- and develop was chiefly coal and other low-class
was uninviting and its future must
have remained equally so had not the property
been
entirely reconstructed and reorganized,
and a complete
change made in its operation and control.
The old
company's finances were in bad shape.
It had been
reorganized after foreclosure in 1878, but the
same fate
was again awaiting it, and its credit was
sinking lower
and lower. This was doubly unfortunate,
for as a
result
Its
of
past
it
deteriorated
the physical
condition of
more and more,
till
the property
finally the task
of
low
figure.
Again, abundant means were provided
'
for
\
carrying through the
physical
rehabilitation of the
'
property.
of the
new
enterprise,
and
as
he understood the needs and requirements of the propit did not take long to show that the
system had a future of great promise before it. The road
has been practically reconstructed from one end to the
other ; its grades have been reduced the Richmond &
Allegheny, possessing very light grades, has been
acquired to further promote economy in operations
erty thoroughly,
;
Ohio River extension has been built, with thej
bridge across the river at Cincinnati
several small:
branches have been added, and finally a close alliance
the
;
has been maintained with the Big Pour system, so thai)
from being a weak and comparatively unimportant
road the Chesapeake & Ohio has become an importanj
trunk line system between the West and the seaboardj
The change that has been effected in the brief periotj
of two years is really wonderful.
In the year endinfl
June 30, 1889, gross earnings were only $5,290,000;
the late year they were $8,127,111.
In the same tw
ii
years net earnings have risen from only a little over
million dollars ($1,025,000) to nearly two and a quarte
million dollars ($2,206,692), notwithstanding that th
THE CHRONICLE.
CXjrOBdER 10. 1801.J
cost of
manv improvoraents was charged
Gross earnings per
directly to
mile, which
operating expenses.
in 1889 stood at $6,808, in 1891 had increased to $8,660 ; and not per mile, which was $1,318, is now $2,348.
in 1889.
603
Of course
the comparison
in
between the
present year and 1890 no such advantage existed, there
having been the same number of working days in 1801
as in 1890.
But even in 1889 the September statement
which has boon made a strikingly satisfactory exhibit. Thus the situattained in the management of the property, and to ation is that for throe successive years the September
which the successful results achieved as to earnings are returns have shown large gains that is to say, the gain
As
illustrating the degree of efficiency
—
only necessary to say that in the late year the
arerago freight train load reached the high figure of
263 tons, this comparing with 225 tons in the year predue,
it is
of $3,731,800 the
973,989
in 1890,
present year follows a gain of $2,which in turn followed a gain of
The
$3,459,018 in September, 1889.
subjoined table
Lake Shore & Michigan Southern carries furnishes a summary of the September results for a
and its average for the calendar year series of years past, and also a summary of the totals for
heavy
loads,
Tery
1890 was 268 tons, which is but 5 tons more than the the nine months ending September 30. As illustrating
the improvement in the character of the exhibits which
average of the Chesapeake & Ohio.
Net earnings in 1890-91, as already stated, were has occurred since last Miy, it should be noted that
$2,206,693, and as fixed charges and taxes were only while the ratio of gain for September is 9 00 per cent,
$1,986,882, there was a substantial surplus on the oper- for the nine months it is only 6*00 per cent.
ceding.
Tl)e
ations of the
that this
is
twelve months.
It is
important to note
the result on rates which must surely be as
low as those on any road in the country. The general
average per ton per mile on the entire freight tonnage,
including coal, was only a little over half a cent per ton
per mile (0"525 cent); on coal it was less^ than half a
cent (0"48 cent) on shipments elsewhere than to the
seaboard, and to the seaboard the average was actually
not a third of a cent per ton per mile, being 0*328 cent
Such has been the progress made that Mr. Ingalls
finds himself able to hold out a promise of dividends on
the company's preferred shares in the early future.
He
says that transportation difficulties hare been the great
&
"The
problem on the Chesapeake
Ohio, and that they are
Bamingt.
:iUmof.
Intnatar
StrUmbvr.
188S (Mroadf)
ISSfl (7? roads)
1887 (117 roads)
1888(1115 ruada)
...
..
..
188J(lllroada)
lasodfrlroada)
l8»l(U0ro8d»)
Jan.
Tear
rtar
Tear
rrar
Otvtn.
Preceding.
Oiven.
Prectdint
MUet.
MUa.
U.6M
4:),sr8
ao.tn.iU 20,355.358
64,297
5S.09->
27.931,707
e 1.889
61,2 1
32,021.34*
00.923
68,667
79,653
87,326
85.337
28.118.305
tUc.
88,911
23.0»9,2;6 tne. 2382,ai
29.113.618 /'K, 2.907.6M
28.690,326 Dec.
67S,0M
37,139,221
S3,68a..20j Inc. 8.460.018
43.381,520
40,I0;.631 Inc. «,»7S,g8e
45,204.604
41,472,701 /»«. 8.781.800
79,051
89.793
87,761
tiSeut. SO.
1885 i63roaa8)
I88i) (71roadal
$
$
Prrrtmr
(
1
149,625,370 151.619,491 Oec l.g91,Ul
206,775,823 190,670,166 '»• 18.I0S,(I«7
241,633,315 213.461,310 rnc.81.173.006
222,535,901 217,18J,618 Inc. 6.8&M88
l887<UlTOad»)
1888 (101 roadal
188»(135raada)
1890 USroada)
1391 (138 roads)
87,533
85,116
282,360,252 261,307,526 ine ti.osunr
336,4&9,:il4 305,450,003
c.31.008,Sll
343,788,212 324,303,771 f/u 19,484,441
Our industries have not yet fully recovered from the
is also reaching a
"point where the extraordinary betterments can be effects of the many depressing influences which existed
"steadily reduced and the stockholders will have until quite recently, and general trade, therefore, has
"secured to themselves a permanently large and estab- not shown any special activity hence in the case of
" lished traffic, with a road able to handle it economi- such roads as have not had counterbalancing advan"cally and profitably." Some betterment expenditures tages in other directions, we find some loss in earnings,
will still be necessary, but he thinks that before very though as already said the decreases are not so numermuch longer the company " will be able to consider the ous as in other recent months nor so large in amount.
*' question of paying moderate dividends on its first preThere has likewise been a smaller provisions movement
"ferred stock, and in due course to increase them, and in the West, a smaller cotton movement in the Souths
"
and the ore shipments from the Lake Superior mines
"later on to pay on its second preferred stock also
have evidently also continued on a diminished basis,
judging from the returns of such roads as the MilwauRAILROAD GROSS EARNINGS FOR
kee Lake Shore & Western and the Wisconsin Central.
SEPTEMBER.
But while these circumstances have left their mark on
The September comparison of gross earnings comes earnings in the case of individual roads, when considfully up to expectations, and thus it is evident that the ered alongside of the favoring influence exerted by the
conditions which were relied upon to swell the business enlarged grain movement they are one and all of trif-
now mostly overcome.
road
;
of the roads are
making
their influence
felt.
The
im-
ling importance.
provement over a year ago is large both in ratio and
This grain movement has really overshadowed everyamount, is well distributed, every loading section con- thing else. In referring to its dimensions, it is possitributing to it, and at the same time the number of ble only to speak of it in the superlative degree.
It
roads showing decreases is smaller than hitherto and has been simply prodigious.
Take the movement at
the aggregate amount of their decrease is also smaller. Chicago for illustration.
At that point during the
Our table embraces returns from 140 roads, which rep- month of September, 1891, the receipts of wheat
resent all parts of the country except the New Eng- amounted to about 8^ million bushels, as against only
land section. These 140 roads in their aggregate earn- about 1^ million bushels in September, 189J. The
ings exhibit a gain of $3,731,800 over the correspond- increase has been not alone in the winter wheat arriving month last year, or just 9 per cent. In August als, which, however, furnish the bulk of the whole,
the increase was not quite so large, being $2,892,942, but also in the spring wheat arrivals.
Even in corn
or 721 per cent.
there was an increase of 2^ million bushels in the face
Nor can it be claimed that comparison is with a of the very general belief which had prevailed that
period of poor earnings in 1890. On the contrary, Sep- there were no supplies of old com left; the attempted
tember last year made a very good showing much corner in the cereal caused heavy shipments to market,
better than the month preceding, though there was an and served to reveal quite unexpected supplies. So, too,
advantage in the fact that, as compared with 1889, high prices are drawing out extraordinary amounts of
the month had an extra working day,
September rye. We referred a month ago to the heavy arrivals
1890 having contained only four Sundays, against five in August, and the movement was continued through
—
[Vol. LIII.
THE CHTtONICLE.
504
I^Sb^iT^b^Sl
million
bashekh^^i^^b^
bushels;
receipts 11,832,850 bushels against 8,892,543
delir^
receipts 3,589,453 bushels against 4,353,325
month in 1891, as agamst the barley
ered at Chicago during that
the rye receipts 3,320,163 bushels against
and
bushels;
million bushels in the corresonly about one-third of a
Altogether the grain receipts in
bushels.
likewise show heaTier but 545,331
ponding month last year. Oats
weeks of 1891 stand at 01,178,241 bushels
the gram delireries the four
Livals than in 1890. Altogether
The increase
against only 33,778,533 bushels in 1890.
1891 foot up nearly 31
at Chicago for September
over
three quarequal
to
bushels,
about 27^ million
remarkable dimensions, and is
million bushels, a total of
its importfrom
which
freight,
of
1890 ters of a million tons
million bushels
Tfhich compares with only ISJ
judged.
ance may be
and 20i million bushels in 1889.
In view of this marvellous grain movement, it is not
1.
JANOATtY
SErTEMBER AVD 8ISCE
BBCEIPTS AT CHICAGO PORI SO
surprising that the grain-carrying roads, whether in
m
January 1
SepUmber.
1891.
2,939,132
1,637,633
8,142.499' 10,255,287
Wheat.bosh.
8.151,046
Com. ..bush.
10,880.838
Oats., bush.
Bye., .bush.
Barley.bush.
7,301,761
6,183,7721
2,613,265
31S,861|
'
1,775,890
2,145,614'
Flour., bbls.
30,831,790
378,931
18,338,279
Pork....bbls.
1.301
Total
irraln
1891.
1889.
1890.
to
1839.
8,047^688'
27,169,366!
the East or the West, should by all odds present the
best returns and show the heaviest amounts of gain.
SeftcmberSO.
1890.
1
10,950,275
67,876,031
63,963,728' 61,258,525
6,299,670
11,697,662
192,952
1,208,913
6,115,967
48,625,766| 36,402.641
1,4/1,512
2,171,307j
6,110,267
8,072,9131
6.047,511
116,130,467
20,285,954 142,26a,292'l35,781,402'
2,638.719
3,028,084]
2,869,3431
421,174
109,010|
24,893
66,9581
9,271
2,720
l,436l
18,347,Ulj 16,761,882 154,077,6171236,911,4331191,320,993
The New York Central
for the
month has an increase
of $535,175, the earnings of the Kome Watertown &
Ogdensburg being included in the comparison for both
years. "The road in September last year still suffered
somewhat from the effects of the strike, but the loss
then was only §132,340. The heavy gain the present
entm'ts.lb8. 13,1.')0,377
71,019,2'*1
4,372,138 63.26-,853il03,108.237l
8,478.325
3,851.528
lbs.
Ijud
4,016,537
year must be considered in part at least as due to the
5,217,27ll
5,838.6791
'421,39ll
'618]337l
136,581
IilTehogsNo
grain movement. The Atchison (with the San Frangrain movement at other cisco) in amount of increase ranks nest to the New
If, now, we examine the
There
Western points, we find the same general re suit.
York Central, it having a gain of $514,038, which
of
Duluth, for example, in the spring wheat section
follows no less than $407,633 gain in 1890,and a gain also
in imgrowing
year
h
eac
is
which
and
The Milwaukee & St. Paul stands
the Northwest,
the preceding year.
point in the
that
at
wheat
of
arrivals
The
portance.
third on the list with $378,981 increase; then comes
to over 6^
amounted
20
September
ending
weeks
with $255,369 increase, the
four
the Great Northern
bushels
the Northern Pacific
million bushels, as against not quite two million
$194,285,
Canadian Pacific with
Minneof these roads had
one
Every
in the corresponding four weeks of 1890. At
increase.
with $172,125
against
present g.iins are
the
apolis the arrivals were about 6 million bushels,
which
to
year
ago,
a
large gains
4 million bushels; at Toledo 2,819,119 bushels, against additional. The improvement on the Northern Pacific
only 438,790 bushels; and at St. Louis 3,927,157 bush, will attract especial attention, as in the mouths prewith oats receipts of
Some other large
els, against 980,939 bushels,
ceding that road had reported losses.
is
The fol
1,684,155 bushels, against 832,509 bushels.
full
details
of the
giving
statement,
usual
our
is
lowing
grain movement.
BDCEIFTB OF FLOUK AND GRAIN FOE FODR WEEKS BSDED 8EPTEMBEE 26
AND SINCE JANUARY 1.
(6613,)
OMcoflO—
4wk8.8ept.,1891.
4
wits. Sept.. 18*J0.
Blnoe Jan. 1.1891
glace Jan. 1, 1890
4 wks. Sept.,1891
4 wks. Sept. ,1890.
Since Jan.
Bluce Jan.
1.
1,
1801
18»o
St. Louis—
4 wks.Scpt..l801.
4 wks. Sept., 1890
Since Jan.
Blnoe Jan.
1.
1,
1801
1890
4 wks. Sept.,lB90.
Slnoe Jan. 1. 1891
Since Jan. 1,1890
Crtroit4wks.Sept..l891.
4 wks. Sept., 1890.
Blaoe Jan. 1. 1831
Blooe Jan. 1,1890
Wheat,
Corn,
OaU,
Barltv,
KV«,
(6u>l>.)
(6u»h.)
(6us)>.)
(biuh.)
(6usJl.)
431,000
271.000
1,576,660
1,857,350
3.831,760
6,588,578
368,280
132,153
1,134.418
880,190
161,235
233,214
830.058
1,141,97?
179,103
37.093
Mexican Central
Clilo. E. I. & Pac
S37,87:f
109,224
Chic. 8t,
98,431
Miua, S, P. & S. 8. -M
87,152
Ches. &Ohio
Mo, Kan. it. Tex, (2 roads) 84,258
1,28»,590
631,303
6.418,712
1,224,110
40.020
15.610
637,640
610,590
117,689
101,750
933,850
984,070
3,927,157
632,731
794,780
3,177.084
2,834,080
^ept.,18l>l.
4 wks. Sepr..l890.
BInca Jan. 1. 1891
Since Jan. 1,1890
13.089,419
8,629,751
9,316
5,776
88.218
78,885
9,819,119
138,790
11,188.187
1,145,092
313.150
691J838
2,806.698
11,210,216
150,294
65,208
399.721
243,082
261,512
21,2.S3
882,122
857,120
6,287,828
59,684
62.833
788.086
1,066,193
288,037
184,174
1,572.952
1,183,875
46,665
161,780
803.214
732,580
124,820
288.678
23,834
1.081
291.102
53,183
3.133,613,
219,711
218.108
38,004
36.434
112,371
267,133
2,047.9115
1,712,855
1
re,»r6
02.771
1,089,571
728,706
805,302
250,20C
2,543,687
1,903,171
121,925
92,513
220.500
76.660
1,358.800
751,740
212,61C;
8,531,876
15,75C
11,625
838,600
888.200
1,090,00(
1,731,00C
7,662,100 lO.OOS.OOf
10,089,701 12,608,000
.•'ept..lS91.
4 wka. sept.,tSBl
&
12.5,243
K, C
Nor.... $63,984
K.
Minn.
I
I
I
&
St.
Louis
43,r,Sl
42,:;iU
Buff, Boch. it Pitts
Col, H. V, &Tol
42„)o0
*Rio Gr. Western
40.0 1
40,325
Jack. Soutliciistcrn
N. Y. Ont.
&W
iiecr.-.asess
Grand Trunk
of
54,373
51,273
40,839
43,710
57.604
Can
Wis. Central
^.-'^ii
45,43
*Mex. Railway
Three weeks only of month.
list of
18,002
170
715
37,08C
281,711
383,617
62,501
28,880
78,O0C
83,000
20.900
186.430
109,230
134,20i:
547.30C
871,25(
heavy gains comprises chiefly four classes
and foremost, the grain-carrying roads
second. Southern roads like the
already mentioned
Louisville & Nashville and the Chesapeake & Ohio,
of roads
........
145,946
1,100,778
327,81f
1,178,625
:
first
;
third, coal roads like the Buffalo Rochester
&
Pitts-
burg, the Columbus Hocking Valley & Toledo and the
New York Ontario & Western and fourth, Mexican
roads like the Mexican Central and Mexican National.
1
80.183.185
21,635,106
989,948 29,B17,«08 12,628,168 ;il,822.85C 8.589.162
079,792 10.042,298
9.915.037 8.893,543: 4:353:32;
7,208,212(115,539,871 83.713,136|71,023,522 12,II26,2.5«
7,818,0051 69,362.218 138,042,3 '1177.531 705 16 701 26"
decreases above $40,000 are limited to that of the
Wisconsin Central, which has suffered from diminished
ore shipments, the Mexican Railway (Vera Cruz to the
City of Mexico), which is meeting new competition,
and the Grand Trunk of Canada, which appears-
The
B,928,09(
l,02e,02(
Total of atl—
4 Wks. Sept..l890
Since Jan. 1,1891
SineeJan. 1,1891
& Nasliv
The
Hinntapoli*—
4 wks. Seirt.,18ai
Wabash
&
;
4 wk».Sept.,I890.
8.32,2131
1,918,142
921.626, 13,959.631
Since Jan. 1, 1891
Since Jan. 1, 1890 1,531,220
6,608,133
4 wk3.<,!pt.,189«
Since Jan. 1.1891
Since Jan. 1,1800
191,2S5
17 .', 1 25
162,511
145,132
129,259
&
Southweateru.
Mexican National
2.55,309
.
NortUern Pactflc
Paul
St, .Loui.s
Tol. St. L.
121,808
DulutK4 wks.
roads)
Caurtdian Pacific
*
9.432
111,806
121,388
(3
514,038
378,981
1,32-1.887
Pwria4wk9.«iept.,l891.
4 wks. Sept.,18*).
Since Jan. 1,1891
Since Jan. 1,1800
St. Paul
Great Northern
Ced.Kap,
Burl.
i?i3.i,175
N, Y. Central
Atoh. aud San Fran
Louis.
1,884,136
832,509
13,174,119, 8,547,170
40,929,603! 9,002,659
980,9.39
ncrea«es.
Increases.
1,90S,610
5,938,077
7,922,072
2.452.923
330,317
6,185,906
2,189,016
238.229
158.215
1.781,900
1,764,325
the de-
also
PRINCIPAL CHANGES IN GR098 EARNINGS FOR BEPIKMnER.
1.147,4.58
8.120,410
1.464.803
26,731,377
8,030,310
amount;
in excess of $40,000 in
10,568,008 6.975,072
7,171,025 5,502,452
57,710,473 44,447.090
68,998,411 48,188,113
338.067
326.34;
2,883.686
2,998,481
Olevitntut-
4 wks.
creases
Wabash
creases above that amount.
Ibtedrt-
4 wks. Sept.,lS91.
$162,511, the Louisville
& Nashville $145,132, the Mexican Central $139,359,
the Rock Island $125,243, the St. Paul & Kansas City
$109,234, &c. The following is a full list of all in-
gains are those of the
3,320 163
1
545,.331
214 030
3,822>64
It will be seen that at the nine western ports combined the wheat receipts in the four weeks of this year
be unfortunate always. Taking decreases both
find there are 39
above and below $40,000, we
altogether— out of the whole 140 roads included in our
to
liare been 29,917,603 bushels, against only 10,042,396
bushels in the four weeks of last year; the corn receipts
statement.
1«,528,168 bushels against 9,945,037 bushels; the oats
western group of roads, which
As
a class,
first
place must be awarded to the Northpresent exceedingly
October
THE CHRONICLE.
10, 1891.]
Aside from the Milwaukee Lake
Shore & Western and the Wisconsin Central and two
very small lines, every road in that group shows improved results in noteworthy amounts, too, as a rule.
Thus the St. Paul, as already stated, has 1378,931 in-
rnasK
favorable returns.
—
Northern $255,369 increase, the Rock
increase and the St. Paul & Kansas
City $100, 23-1. increase. Even the "Soo" road and
th« Minneapolis & St. Louis have made very heavy
additions to their earnings, the one $98,431 and the
other $43,710. Then the Burlington Cedar Rapids &
crease, the Great
Island *125,243
Northern has added $63,984 to its total.
ment the present year on all these roads
significant since in
both
most cases
it
is the more
improvement
will be seen from
follows
year and the year before, as
last
The improve-
i.i:«bs,
221,641
«073n
886.438
17«,76;
800,103
148,771
CI.CIn.Chlo.ftSt.L
Col.Hock. V.*Tol.
I>et.
I.AnslnK
A No
HraiUT.ATerre U.
Flint
AP.
Marq...
Grand Rap. A Ind.
Qr. Trunk of Cao.t
I<oa.BTana,A8t.l..
I..oula.
N.A.ACblo.
Y.Cent.A H.B.1t
OUoAMiaalaalppl.
PIttsbnm A West.
.V.
8t.L.A.AT.H.br'»..
Tol. A Ohio
Wabtt.ih
tlMM
196,778
168,0O<
Cent
West. N.Y.APa..
2-10,760
we
Four weeks.
t
A
A
A
In the South the gain* and losses are pretty evenly
one and 15 of the
other. The losses are not large as a rule. On the other
hand, as already pointed out, the gains of the Louisville & Nashville and the Chesapeake & Ohio are very
distributed, there being 19 of the
heavy.
BARinSaS OF SOCTHBBX OSOCP.
6.191,201
Not inoludlux the
linss
6,810,907
west of Missouri River,
Pacific roads
—
—Northern
Pacific
and Canadian
this time likewise show heavily-augmented
Pacific
totals, presumably in part also as the result of the
heavier grain movement. The Rio Grande Western,
too, continues to
make
considerable gains.
1891.
1890.
1889.
t
t
«
1.802,000
2,680,847
(1 228,500
2,608,222
185,950
4.710,847
4,301,887
1,607,716
1887.
1,874,407 •1,130,947 •1.063,307
2,126,291 1,711,275 1.408,210
3,843.286
1886.
t
•955,003
1,372.073
123,422
90,556
2.068.8171 2.594.839
2.419,192
126,625
New Brnn-iwlck not Included.
a Fourth week not reported; flKures taken same as last rear.
•
Southwestern roads
»
t
473.161 7445,003
416.728
714.217
681.207
Chesapeake A Ohio
801.399
170.332
187,016
160.944
200,119
201.258
Cbes. OtaloASo.W. O208.11.i
708,082
571,812
611.817
487,876
778,810
Cln.N.O.ATex.P." a700,936
LonlsTllleANasb. 1,810.830 1,685.728 1,615,419 1,391,831 1,437,908 1,253^180
181.631
181,083
283,111
237,395
149,942
291,012
LonlsT.N.O.ATei.
242.048
181,779
174,SS«
281,530
239,101
Mobile A Ohio
275,324
675,797
474.8M
751,501
61,8,675
579.163
Norfolk A Westt..
773,214
*
Danv.syst.
1,168,320
i,i30,iwri
1,018.119
875,7.'2
South Carolina....
157,000
182,332
131,88
100,833
973,770
142,257
812,206
101,800
6,210,770
6,977,613
4,470,060
4,820,278
4,013,635
Klch.iJt
«
5,409,179
Entire sy^tsm.
t Inclu-lei Scioto Vallor A New Bnzland and Shenandoah
Valler for all the rears.
K Richmond & Alleehnnr estimated,
a Fourth week not reported; flifures taken same as last rear.
We
have stated above that the cotton movement the
But this does not apply to
off.
the Gulf ports Galveston, New Orleans and Mobile
The loss has
each of which shows enlarged receipts
fallen entirely on the Atlantic ports, Charleston, Wilpresent year had fallen
—
mington and Norfolk having suffered most.
reflect satisfactory results in
most ^
though not in all, cases. Besides the Atchison, the
Missouri, Kansas & Texas and the St. Louis Southwestern deserve mention for the extent- of their gains.
Even the Denver & Rio Grande has an increase this
time, though it is not large in amount.
The roads
showing losses in that section are the Texas & Pacific,
the Kansas City Fort Scott & Memphis and four comparatively minor roads.
The following furnishes a sixyear comparison on a few leading roads. The Atchison
of course cannot be included in this statement, since
reports on the present basis do not extend as far
that.
BECBIPTg OF COTTON AT SODTHKRN PORTS IN gEPT^MBER. AKD
JANUARY 1 TO 8EPTE.\IBER 30, 1891, 1890 ASU lfl89.
Slnte
September.
1890.
1891.
BeDTer & Rio Gr
K. C.
rt. 8.
.
i Mem.
Mo. Kan. ft Texas.
StX. Bouthwestem
•t.L.
A
San Fran..
Tuaa A Pacific.
To««l
.
.
t
801.600
all3.111
(1858.971
439,891
687,600
664,468
7,868.688
(
797,600
421,489
826,668
385,618
634,749
688.B88
1889.
t
764,643
4U,162
719,161
380,400
682,631
581,691
Bl Paso,
Ac
179.237
^0,8M
338
314
131.338
33,723
778
160,131
8,147
86,216
179,721
39,747
.Mobile
Florida
150,008
6,723
65,266
5
19,074
Charleston
Port Roral, Ac
West Point, Ao
1890.
1880.
135,975
460^
347,604
387,615
313
12,683
17,.181
128.112
089392
32,609
135,980
19,052
810,803
61,281
234,826
696.370
86,907
11,381
804,000
60,661
186,043
141,415
4.883
69,ll»
21
11,814
6,063
63,926
28
44,365
31
26
801
23,609
16,196
61,184
29,010
19.514
25,092
866.872
209.806
670,810
726,427
860,604
Washington, Ao
Norfolk
1891.
a Fourth week not reported; fl^area taken Mino aa
1887.
t
I
753,551
420,138
621,334
286,032
893,496
721J872
877,043
697,726
167,828
877,790
626.490
6k.1,377
8.217.228
1886.
yanuo/Boad.
813,581
165,572
479,566
668.687
3.041.491
last Tear.
1890,
1891,
1O.640
838^4
74v47l»
U1.0«T
488
6,483
65.660
1,069
164.101
160.287
8M53
144.888
863,487
MUeage.
Atch. Top. .ts. Fe...
R'il»J'ntl}own'(I,>8.
St. L. JcSaii
Fran...
RMaJ'tly own'u.'s.
Bait. * Ohio South w.
Blrm'bam & AtlanUo
Buff. Roob.
Ic
Pitts...
Burl. Oed. Rap.A No.
Canatllau PaolOo
C FenrA Yad. Val...
I'cilar Kap. .jk Marlon
fbar CIn.
A
Chlo
(barl. Hiimter
A
48,903
3,235.600
149,027
697,800
146,207
240,eso
4,043
291,50Z
426.873
1,802,000
1391.
43,603
2,326,770
U7.S90
+ 53,791
1,327' 1,329
sa.l'Ci
-3,Si9
S3S
2,70)
2,.'i5l
+ 149
13,.^73
-1,573
+7.7JO
li
17J
IJi
...
12,0'j!l
i7,oao
8,'
»,J0>
K
»,>.->.i
536
381
-2.303
22
+ 43,681
+ 63,984
304
80A
1,083
9,564
1,048
5.407
339
li
141
+ 1,320
+ 19V235
—
l,l'»-t
til
970,
lU,.Wi
14^426
3 16, 13 S
3,')93,60
30g,li)J
a,7ll.62-i
+373.9il
I.IIT
1.7
1-18^.2 43
714,^4'
1
•
•.•J4«
63S
+ 19,139
+ s7,1.32
+ .1M
soi.atf.-t
H
1390.
209
200
+9.210
+438,330 6,539 6,637
587
5Sa
1.137
+
634,749
144,387
221.541
6,345
207,821
362,889
1,607,713
61,751
No.
Chattanooi^a Union..
Chesapeake 4k Ohio..
DeereoM,
•
$
S
Alabama Midland
and against these 13 there are no less than 43
•Che»,0.4 8o.We»t'n
roads that have enlarged their totals, some in heavy Ohle.AEa«t.IlllDois.
Obto. MUw. ASI. P...
Chic. R. l«l. ,t Pi.<
amounts, but which have already been mentioned.
;
104,»M
2.971,870 8,106329 8,184,888
fnereoMor
$
616.034
388,169
In the Middle and Middle Western section there are
13 roads which fall behind, but except in the case of
the Grand Trunk of Canada the losses are insignificant
667,707
GROSS EARNINGS AND MILEAGE IN SEPTEMBER.
1888.
3.764.609: 3.430,378: 3,087.658
1,
1839.
OroM Sarningi.
1890.
January
FROM
Port*.
Total
EARXINOS OF SOUTHWESTBRS OBO0P.
1891.
1886
1687.
1888.
(
*
1888.
143,588
1889.
t
Total
EAR.VINGS OF PACIFIC BOADS.
1890.
1891.
September.
ToUl
September.
9JKH1B
U.161.087 11.228.227 10,967,377 10,836A'W 11,049.170
bare <dd«d toaetbar
t For these rears
Cble.
Clev. Col. CIn.
Ind., CIn. Ind. St. I>.)ul» .t Chlo. and Cairo Vlnceones
1
Watertown Oicdenabarfr Included for all the roars.
St. Louis..
back as
190,000
163,167
242,332
118,735
1,167,120
*4S,143
100.117
88,731
189,122
247,838
I8M.
t20,SOI
287,101
130,010
1S'I,IS6
t,S2».343 1,«62,S<0
1,148,685 tl.i!in.ax
Ml,»65
206,326
844,628
244,676
u«,se3
Ul>,61»
102,201
107,071
104,019
05,602
76,0621
80,760
utjani
232,131
182.604
•23.811
281.261
248,446
»79.837
288,806
1,682.816 1,740,419 1,766,161 1,737,007 1,',»7 jmt
108,687
106.059
142,694
137,678
02,701
240,003
234.896
228,491
281,129
262,092
4,128,055 8,692,880 8,728,1*0 8,690,283 8,774.707
896.602
418,007
892,886
896,601
408,054
219,8W
196,221
171,786
200.311
87..'.79
132,5.W
129,020
110,986,
94.976
122,140
111,283
1.32,780
141,490
107,419
1,356,142 1,193,631 1,226,812 1,199,187 1,201,936
834.800
319,973
340,641
801,499
278,420
Chloaao A Bast. Ul.
Chlo.k Wwt. Mich
Wisconsin Central
its
•
161,6011
Panl&Duluth.
8t.P.MInn.4Man.
Total
1887.
I
aio,«80
Pitt.
8t.
Canadian Pacific
Northern Pacific.
Bio Grande West
1888.
I
Booh.*
Total
Burl. Cod. R. * No.
Chic. Mil. 4 St.Paul
Chic. R. I.* P«c..
Iowa Central
Mil. I..S.& West...
MllwaakmJt Nor..
September.
ia8».
f
Rtlt.&O. Sontbw.
BDff.
Rome
The
18«0.
»~
* All lines.
EARNI.VQS or MORTHW«ST«RS LIXIS.
•
amd middli amd MinuLi wmtiuv roadi.
uei.
BtfUnibtr,
the following six-year comparison.
Minn. A
605
1
+ 27.J44
S93
881
33
7»
m
41
394
*3i
436;
5,72 1' 5.65J
3.4'H TlJSl
THE CHRONICLE.
50t5
Mile »v
Gross Eariunys.
jrame of Road.
1890.
1891.
Increase or
Decrease.
L891.
lVol. Lill.
GROSS EARNINGS FKO.M JANUARY
1890.
JTome of Road.
1891.
1
TO SEPfEVlBBR
1880.
Jncreaie.
30.
Decrease,
$~
Chic. St. P. A Kan. C.
Ohio. AWest Mioh...
& PorU.
A Mack...
Cln.OeorK.
Oln.Jaclc.
. .
,
.
Denv. &KioGrande..
Des Moines A North
Des M. A N' western..
9n,ei4
65,336
3:1.845;
31,565
A Alp.
.
—
A Pere Marq
Florida Cent. A Pen..
Fort Worth AKio G..
Ga. South. A Florida.
Qr.Raplds A Indiana.
Cln. Blob. A Ft.
W
Other lines
A
Gr. Trunk..
tDet. Gr. Hav. A Mil
at. So. -8. P. M.AM.
Xasternof Miun...
Uontana Central..
Humeaton A Shen ...
Ind. Deo. A Quiucy..
luternat'l A Qt. No..
Iowa Central
Iron Kailway
Jaok'ville Southeast.
Kanawha A Mich.
.
.
•Kan C.Clln. ASpr..
C. Ft. S. A Mem.
C. Mem. ABlr.
Keokuk A Western
Lake Erie All. A Bo...
Lake Erie A Western.
*Kan.
Kan.
.
.
Lehigh
•Little
A Hud.
Klver.
Kook A Mem.
Lone Island
Loiaav. Evans. A St.L
Louisv. A Nashville..
Loul8.N.Alb.AChlo..
Loo. N.Orl. A Texas.
Louisv. St. L. A Tei.
Lynohb. A Durham
.
Mexloau Central
MexiOBU National
•UaxJoan Railway...
Mllw.L. Shore AW...
Milw. A Northern.
Mineral RauKO
Minn. A 8t. Louts
Minn. St.P.AS.SteM.
Mo. Kans. A Texas...
Kansas City A Pao.
Mobile A Ohio
Monterey A Mex.Gulf
V. Orleans A South'n
ir.Y.Cen.AHud. Kiv.
Rome Wat. A Ogd.
W. Y. A Northern
». Y.Ont. A West....
Sorfolk iS Western.
Northern PaoiUo
Ohio A Mississippi...
Ohio Klver
Ohio Southern
Peo. Dec. A Evansv.
Pitts. Marion A Chic.
.
.
.
Pittsb.
A
Western....
Prescott A Ariz. Cent.
Quin. OmahaAK. C.
Klohmond ADanvllle
Virginia Mid. Dlv..
Char. Col. A A.Dlv..
Col. A Oreenv. Dlv.
West. No.Car. Dlv..
OeorKia Pac. Dlv.
.
Wash.OhioAW.Dlv.
Ashe. A .Spar. Dlv.
•Rio Grande Western
Sag. Tuscola A Huron
St. L.Alt.AT.U. Drs
St. Louis Houtliwes'o.
St. Paul A Duluth
SanAnt. AAr.
"San Fran.
Pass...
A No.
Pac.
Bav. Amor. A Mont..
South Carolina
Texas A
Paclflc
Tex. Sab.y.A North..
Tol. A. Arb. A N. Mloh
Tol. Col. A Clnn
Tol. A Ohio Central.
Tol. Peo. A West
Tol. St. L. A K. City
Wabash (consol. sys.)
West. N. Y. A Peun
.
Wheel. A Lake Erie
Wisconsin Central
851
489
42
+ 1,530
.144
+25,996
—11,628
—13.736
+ 5,527
+ 1.778
+ 349
— 14»
+ 2,547
+222
969
+20,673
336
295
196
143
170
863
489
42
S44
336
295
196
143
170
8
8
106
19
206
194
108
19
163
194
54,627
54,466
l,2;!9.343
1,252,830
—23.487
1.587
1.632
163.233
145,314
34,635
168,144
301,965
33,770
3,02"
9,815
797,500
14,074
26,405
29,713
119,519
4,215
27,357
#5,502
232,131
87,543
22,510
68,642
+ 17,919
+ 42.661
351
105
350
327
+21, ..88
1.57
31,
lU
176,234
314,626
57,758
2,750
8,996
804.600
15.055
116,i93
5,479
30,800
104,019
241,862
98,024
39,096
61,488
225,642
42,684
20,036
Trunkof Canada l,68i,815
tOhU.
—115
+ 109,224
65,092
20,75 T
23,567
Det. Lnnsiue A Nor
Duluti A Winnipeg..
Bvana. A Indianap...:
Ivanav. A T. Haute.
tOr.
I
1,191
7d,300!
Colorado .Miillaucl
Col. Hock. Val. & Tol.
Col. Shawnee A Hook.
Colusa A Lake
-Current River
riint
(12,08
252,60;)
26,0'J8,
Clev.Cin. Ch. &St. L.
Peoria & East. Div.
Cleveland & Marietta
City
7,116
60,525
264,231
112.36"
59,8"9
32.067
31,316
2,05u
23,401
l,9Uii
can. Northwestern.
Clnn. Ports. & Vir...
Col. & Ma. sville...
Cln. Wab. & Mich....
OleT. Akron & Col ...
Bay
403,09"!
14-1,771
7.001
|
"Cla N. Orl.ATex. P.I
•Ala. Gt. Southern..
'N.Orl. & Northeast
*A]a. AVicksburi;..
"Vicks.ShreT.&Pao.
•Det.
512,319
174,767
279,816
107,454
1,302,23
1
223..'i69
40,369
18,326
1,740,419
293,991
103,429
1,097,356
104,196
158,188
109,902]
106,404
13,170
18,000
3a,876
41,457
399,074
421,770
17-^,932
180,511
2.855
2,705
69,1 '94
109,713
33.276
30,837
25,973
18,493
277,822
269,444
102,143
100,497
34,861
40,S68
6,370
6,467
277,499
290,625
34,061
36.457
40.173
42,396
403.176
434,788
137,678
142,694
1,810,850 1,6.15,728
23J.L29
262,092
263,411
291,612
42.000
37,590
11,525
12,156
614,903
485,644
352,808
305.969
207,786
233,218
3i)0,6Hl
354,816
165,-50:
171,893
13,924
12,439'
196,530
152,820)
265.530
167,099
I 946,630
862,392
275,321
281,539
75,671
40,150
1
13,583
,992
3,776,532 3,2 1.5, -(-iy:
351,523
3 6,991
47.38 i
40,i53
278,230
237,90)
773.214
754,501
2,680,347 2.508,222
41S,067
392,386
68,550
71,649
56,377
51,077
73,702
68,427
3.962
3.524
219,850
196.221
12,200
12.962
26,313
21.495
490,300
49^.550
213,100
210.200
71,900
85,900
67,600
79.800
114,900
85,200
176,200
158,300
17,620
16,950
16,700
15,760
157,400
114,850
11,498
10,772
132,560
129,920
439,891
385,518
18^,766
161,000
215,004
187,484'
59,973
56,052
53,000
43,689
157,000
162.332
654,463
688.688!
4.752
6,531
86.983
95.199
29,052
27,008
132.780
141,490
08,011
93,140
181.408
130,135
1,356,142 1,193,631
334,800
319,973
120,672
103,493
455,916
508,170
+ 10,626
+723
—819
22
82
351
105
288
325
146
22
82
+7.100
1.637
1.499
42
115
332
323
2,92rt
85
+ 1,264
153
+ 3,443
159
+8,517
627
+ 11,731
629
+ 10,481
113
+ 16,586
285
—7,154
428
+73
86
+2,315
62
+1,710
—57,601 3,487
335
—14,145
189
+2,025
42
115
232
323
—3.571
+ 8.090
+ 981
-5,649
—6,146
—
+204,»75 3,035
+ .'3,992
71
—3,498
+2.830
335
95
152
825
497
30
316
142
163
+ 1,581
+22,0J6
+7,579
— 150
+ 40,619
—2,439
—7,480
—8,378
—1,646
+6,007
81
153
159
627
374
90
285
419
86
62
3,487
335
189
3,032
71
179
93
152
825
497
20
310
142
163
376
148
671
275
148
+97
fll
61
+13,12')
+ 2,396
+2,22,1
+31,612
+5,016
722
90
135
361
373
722
90
133
301
373
+ 145,122
2,856
3,248
+21,037
637
800
337
800
+ 28,201
+4,410
671
121
121
—631
114
83
+ 129,259
1,803
1,218
1,527
1,21?
293
699
303
+ 35.521
+ 1,591
321
699
36 ^
17
363
805
S1548
131
I
687
327
65
+ 56i),6i6
1,467
1,485
-25,471
629
629
61
425
+46,839
—45,432
—35,875
+ 16,013
+ 1,485
+43,710
+98,431
+81,258
—6,215
1
6,9J5
61
+ 40,325
+ 18,713
423
T
1,10ft
+172,125 4,437
+25,681
623
—3,099
209
+2.300
140
+5,275
354
+43i
25
+23.629
887
73
134
—7'>2
+ l,818i
—3,250, 1,112
+ 2,900
355
—14.000
393
—12,2001
298
+29,700!
296
+17,900!
666
+ 670
+940
+42,5,')0
'726!
+2,640!
50
70
446
67
242
17
363
803
1,630
125
687
187
63
1,017
4,183
623
209
140
251
23
367
73
134
1,073
355
393
298
392
618
50
70
376
67
242
+ 54,373 1,227 1,227
+ 18,766
+ 27,520
+ 3,921
+9,311
—5,332
—31,223
250
640
160
190
33d
—779
1,497
38
—8,216!
386
+2,044
—8,710
+4,871
•r51,273'
+ 162,511
+ 14,827;
+ 17,179
—52,354
7!l
335
847
461
1,921
640
337
867
247
640
160
175
313
1,497
38
286
73
235
217
451
1,921
640
237
828
Atch. Too. * San. Fe..
Roadsj'ntly own'd, "a.
23.984.847
1.248,131
4,919,650
1,322,101
1,804,797
38,071
2,056,274
2,637,891
14,249,011
Louis A San Fran.
Road* Tntly own'd, >«.
at.
Ball.
A Ohio
South west.
Birmingham A
Atlantic.
Roeh. A PlttsDurir.
Burl. Ced. Rap. A Nor..
Buff.
Canadian Pacillc
Cane Fear A Yad. Val..
Charleston Cln. A Chic.
Char. Sumter .t North'n
430,154
112,465
81,600
74,738
Chattanooga Union
Chesapeake A Ohio
•Chesap. Ohio ASouthw
Chicago A East. Ill
Chlo. Milw.
Ch
0.
Book
0.422.782
1,630.427
2,749.556
30,077,971
12,401,825
.
ASt. Paul..
A Pac.o
Isl.
Chic. St. P. A Kan. City
Ohio. A W^est Michigan.
Cln. Oeorg. & Ports
Cln. Jackson A .Maok...
*Cln. N.O. A Texas Pac.
"Ala. Great Southern
*N. O. A Northeastern.
3,32(1,395
1,305,712
5.1,063
642.031
3,072.055
1,307,638
784,856
419,697
395,969
15.598
179,278
9,435
528,983
683.183
9,917,184
•Alabama A Vloksburg
•Vicksb. Shrov. A Pac.
Clnn. Northwestern
Cinn. Ports. A Virginia.
A Maysvllls
Cin. Wabash A Michigan
•Cleve. Akron A Col
Clev. Cin. Chic. A St. L.
Peoria A Eastern
Columbus
Cleve. A Marietta
Colorado Midland
Col. Hock. Val. A Toledo
Shawnep A Hook
Colusa A Lake
Col.
414.296
21,885
111,10J
6,183.498
.
•Current Rlvor
Denv. A Bio Grande
Des Moiued A North'n..
Des Moines A Northwest'
* Dot. Bay City A Alpena
Det. Lansing A North'n.
Duluth A Winnipeg
klvansv.
A
•
1
.
45,204,504 41,472,704+3,731.800 87,754
37,754 86,337
Only three weeks of Septembar in each year.
For four weeks ending 8epte.nber 26.
93,0.18
145.590
341.368
919,156
54,032
Indianapolis
Evansv. A Terre Haute.
A Pere .Marquette.
Florida Cent. A Penln..
Fort Worth A Bio Gr...
Ga. Southern A Fla
Or. Rapids A Indiana.
Clu.Rich.A Ft. Wayne.
Other lines
IGr. Trunk of Canada..
Flint
.
iChic. A Gr. Trunk....
tDet. Gr. H. AMilw...
Great Nor. St. P.M.AM.
Eastern of
M
Montana Central
Humeston A Shenand'h.
Ind.
Int.
Decatur A CJuincy
ureat Northern..
A
Iowa Central
Iron Railway
Jacksonville Southeast.
Kanawha A Michigan
•Kan. City Clin. A Spr.
•Kansas C. Ft. S. A Mem.
Kan. City Mem. A Bir..
Keokuk A Western
.
Erie AUlance A So.
Lake Erie A Western...;
Lehigh A Hudson River
.
L.
.
Book A Memphis
Long Island
•Little
1
Louisv. Evansv. A St. L.;
Louisville A Nashville..'
Louisv. N. Alb. A Chic.
Loulsv.N, Orl.
A Texas.
.
A Texas
Lynchburg A Durham..!
Mexican Central
Mexican National
•Mexican Railway
MUw. Lake 8h. A West.!
Milwaukee A Northern.
Mineral Bange
Louisville St. L.
j
[
Minneapolis A St. Louis
Minn. St. P. AS. 8te. M.'
Missouri Kan. <ft Tex. ...
I
Kansas City A
Pacific.
Mobile AOhio
Monterey A Mex. Gulf..
N. Orleans A Southern..
N. Y. Cent. A Hud. Biv..
Kome Water. A Ogd..
Hew York A Northern.
N. Y. Ontario
A West'n.
Norfolk A Western
Northern Pacific
Ohio A Mississippi
Ohio Biver
Ohio Southern
Peoria Doc. A Evansv..
Pittsb. Mariou A Chle..
Pittsburg A Western
. .
A
Omaha A
C
A Green V.
Div...
Prescott
Quincy
Arii. Cent.
.
K.
Richmond A Danville..
Virginia Midland Dlv.
Char.Col. AAug. Dlv..
Col.
West. No Caro. Div..
Georgia Paclflc Dlv
Wash. Ohio A W.Dlv..
Ashev. A Spar. Div...
•Bio Grande Western.
Bag. Tuscola A Huron
.
.
.
Total (140 roads).
1,310,113
252,827
1.526,164
3,365,813
I
I
'
A
r.H. Br'ch,"
St. L. Alt.
St. Louis Southwe iteru
Duluth
St. Paul
A
A
San Ant.
Aran. Pass.
22,500,669 1,481,178
1,214,236
33.395
22.1.107
4,69 1,543
1,189,819
32,585
1,719,267
85,540
58,106
1,531,339
474,935
345,732
2,292,162
11,982,888 2,266.153
399,201
30.950
89,120
23.343
47,880
36.720
86,570
5,693.898
728.881
161.513
1.46S.914
2,346,325
403,231
18,800,793 1,277,178
12,531,454
1.39.153
3,181,241
131,935
1,173,777
49.070
993
493,323
18,808
3,1-28.941
444,i*77
603,844
9,693,635
1,091,88S
240,611
1,401,340
2,153,867
316,407
19,210
12^,707
6,296,369
83,051
161,156
400,u93
902,755
3-1,256
351,5641
319,036
870,025
780.873
2,169,619
i,203,493
1,029,815
859,880
190,626
111,477
532,606
624, le^
1,799,718
1,985,898
332,009
852,754
168,946
163,110
14,087,124 14,773,162
2,703,721
2,762,911
8/0,182
817,7 22
7,231.532
6,454,499
72H.94i
18.5,653
940,972
800,316
122.904
116,969
350.613
333,512
2,713,998
2,758.253
1,243,728
1,199,773
26,658
27,530
835,583
511,.307
236,705
213,472
218,569
399.688
3,2X3,403
3,102,693
831,320
866,^95
2.12,736
363,e»9
53,965
50,426
2,363,314
2,263,543
311,330
271,170
452,312
376,402
3,22i),688
3,047.839
1,139,941
937.479
14,660,049 14,044,697
2.106,550
1,930.181
2,462,136
1.971,117
338,413
291,600
128.947
71,577
5.214,429
1,626,334
3.102.939
2,741,470
2.983.333
2,961,831
2.642.667
2,8^7,589
1,253,941
1,174,625
104,927
91,885
1.241,563
1,030,708
1.667.107
1,461,437
6,177,817
2,125,915
284,965
104,647
36,796,185
2,980,303;
3.985,537
380.771
396,176
2,256,231
1,793,823
6.640,853
6,253,291
17,399,051 16,599,311
3,122,169
3,034,360
606,213
504, .)96
422,110
393,933
666,088
691,742
32,920
17,797
1,683,(101
1,667,591
100,013
96,079
189,729
182,019
4,357,000
4,125,700
1,688,050
1,642,700
703.050
676,290
606,870
610,838
784,000
705,711
1,416,070
1,367,775
116,740
111,218
118,103
109,487
1,793.522
1,262,872
77.234
74,113
1,019,110
911,634
2.923,977
2.759,917
1,063,47K
1,240,356
1.281.407
1,184,785
8,510,728
3,485,819
652,200
122,986
29,017,928
1
11,833
129,639
56,888
60,991
90,84r
35,108
1,858,660
875,703
461,800
892,231
15,002
169,303
7,207
30,03>
3,728
591
9,973
3,228
84,008
78,330
223.499
118,221
12,316
124,324
309,946
197.888
3,655
14.605
113,871
7,584
'15,88*
59,826
16,4011
15.776
8a,5-28.
89,332.
88,878
189.936
79,14);
28,433'
186.180
31,746
S.803
688.638
59,190
62.160
777,033
213,387
140,626
5.935
17,101
44,-29i
43.953
'"i',871
324,376
8,767
81.019
18i»,'290
35,678
80,037
8,539
99,771
10.160
75.910
173,019
202,465
615,353
176.419
191.019
14,813
55.370
618.195
381,469
31,499
814.923
79,316
13. 042
19.1,835
215,680
333,881
59.871
387.235
18,339
3,221,743
6,081
15,109
463,108
387.562
799,710
37,809
1,6
18,177
71.316
5.12s
25.370
3,931
7,710
231,300
45,350
26,760
4,961
78,286
48.293
3.192
8,616
530.650
2,821
77,176
164.010
176.873
96.622
OCTOBBR
.Vamr of
10,
IM
THE OHRONKJLR
I.
1800.
1801.
Ritn't.
/•leriwMn.
Oeer^iiM,
"i
'Ban Fran, ih So. Paclflc
0avan. Amcr. .1c Mont..
Boiitb Carollua
609,124
SSH.SII
510.800
234,543
1,211,0:18
l,0-<:l.lfl5
Texas
4,813,080
i,tf7H,Ol7
37,1110
P.IJ.IOH
riicltio
iSc
Tox.Saliinn Viil.A N.W.
a-.M-i?
7tt8,110
Tol. A. A.
Toledo
.t Nil. .Mli'h ...
Coliiiiib.
<Mii..
A
Toloilo A. nhiii CiirilrHl..
Tolpilo Poorlii.V Wosi'ii
Tol. 8t. I,. A Kiiu. t'ity..
Wabaxli (uonmil. sydtemi
Westprii N. r. lb Peno.
WbeellUK Jk t<ake Erie
2.V>,.fH2
229,671
1,073,068
7 2.017
l,081,-<07
1.3«(!,1>77
10,068.454
2,700,40.)
0.^3,064
.
WUconsln Central
3,758,468
(19 1,77-i
l.lti'J.li).'
9,5^4.3911
2,8Hfl,l73
862.1(11
3. X3 1,848
50,284
104,271
127,173
164.337
5.723
90,877
3 .931
607
PAatTRBs roR Third Quarter awd Since Jawjabt 1,—
The followitiR flKurc», prc|)are<l by Memni. R. O. Dun A Co.,
hhow the iiurnbtT of failures In thn United States And CuukU
during the quarter ending Soptoraber 80, 18»1, and the nine
months. For purposes of comparison like fl|;are« for tb« oorreaponding period* of the two precodinfc yean are given :
"»',730
MM.
11.231)
1800.
,
Tklnl Quirtrr.
304.8'>8
Do.
48 ».(1!V8
~~~-
MiMlttlw.
14,230
90,(I0J
76,377
Total (138 road»).... 343,788,21J 334,303,771 22,02^,418 2,510,»77
»>t Inereaaa
10,484,441
Eastern States
Mdle States
"SPitbom States
—~' iUaHltltm.\
tia.
3,748336
,r,«aMMMss.
wa
7«7 15.74SM8
658
a.»09,g6T
857 13.Ua,8W
829
2.349,000
-
Wssleni SutM
I'aotao rutes a Territories.
iTo.
>t3
$6.1
76S
S8R
770
»7a
«:o«i:
I.
ToUWnlted
• Only thrae woett.s of Soptnmber In eaoh roar.
t To Sept. 36
a For J.»n i»ry t'ni>rii try an I tlaroh rtg.iren are actual for both yean,
bnt for rest of porloj estimated.
State*..
Dominion of Canada.
3.751
$65
.
44.*0«,4M 2.196 86.452.438 $.276
ssi
$.762,771
7.2S6,4M
8.211.794
1891.
mm JfonMs.
wjmiott
1899,
Ho. jlXaMIUlM. Vo. LiabVUiet.
Condition of Banks in the Cities of New York and
Brooklyn.— Mr. E. 8. Laoey, Comptroller of the Currency,
S72| 14.066.041
Eastam states
18,641 $81 1.M7 $0J
htks fumished us this week abstracts of the condition of the Middle 8Ut«e
2.1981 47.311.060 2,000
36.144.I46 W87 86J .,
"
2.012' 29,9&2.MI
Hoathem States
11354.881 1.478 lojasj
national banks in the cities of New York and Brooklyn at the Western -itatea
2 690' 38.991.419 2,564 20.017.319 2,4X1 28,0O7,r
6,40(1,900
8.Ti
radflc States dk territories. 1,0.«
5.193,600
98d
6480,ftU
close of business on Friday. September 35, 1991. From them
8.828 1311,718.761 JfiSl 100,771.8201 7.879 10»,06S,ail8
United States
ToUl
and from the latest statement of the condition of State
9.617.764
ll^^s^^oi^ 1.2.53 smum
banks that of September 12— we have pr- pared the following, Pomlnliin of i^anada
which gives the results for all the banks in New York City
^onctnvQliSiammcxcinX gugltslt
and Brooklyn. It should be remembered that these totals for
State banks do not include either savings banks or trust
[From otirovn corresponaent.
1.!
—
^txoB
companies.
Nat, ttankt.
MEW YORK
Number
London, Saturday, Sept.
Stale Banks.
Sept. 25.
1891.
OITT.
Sept. 12,
1391.
49
<4
lAana and dlioonnta, inclnd'c 0T«drafta. .1301,88(1,829
t93,00?.lA4
Total.
93
84,:j58,111
S.549.US
batilis sQd hankera
BanklnK house, furniture and Sxtares
Other real esute
8X,2i;,251
U,30t.J7(J
7..lM.3ai
38..'S71.812
iPecie
5:1.796.891
LanI tender notee and
oert'fa of depoilt.
Blm of other banks
Bzchangcs fnrilearinB House
Curroni expenwa and taxes paid
Premiums ..o U. S bonds
14.917.675
34,278. 102
I,3i5.128
86,S0',889
8,137,183
41,418.541
87.te6,«e4
Sl.r86.2 lO
.
other rwuuroas
8,61?.8W
188.282
10.479.211
I.ISO.'M
l,32;..'ni
787J17
319,047
123. 34,553
i.oiw.sei
850.351
S,0S5,6T9
377,413
8,412,992
|«68,(M1,(»51
»IB5,35«.347
»723,S07,998
»17.222,7n0
14,022,489
2.605
(68,084,670
122,S78,'5i2
39<',84l,0fl7
690.192
10.651,770
2.2:W.076
181.095,018
387,779
«87.779
$165,366,347
$723,397,998
..
9.i(l.3.sl
Z.lil5Ui(l/'li-
Capital stock paid In
»503«1,970
Surplus and undivided proflta
ClrculatliiD uutatandlQg
DiTldends unpaid
64.719,791
6,828,2.18
•
136,286
udlTldoal depoalta
Otber deposlta
Due to banks and bankers
Notes and bills payable
other llabUitiee
t74,4<i2.556
1.6S9..'83
170,443,248
50,000
^o'*'
$568,041,651
68,742,.'80
6.810.843
138.288
511,000
-The amount
($37,426,664) under State banks, opposite ezotaanges for
House. IsRlTen In reports of State banks as "cash Items," but Is almost
LttSS"*
wBouy
made up of exotaanjiea for Clearing House.
Xat.B'nika. Sta'e Bfnk*.
BKOOKI,Y.\.
Number
_
Bank
has stood at 2J^ per cent,
26, 1891.
England on Thursday raised
per cent. For exactly 13 weeks it
and probably it would have been
of
advanced somewhat sooner only that the directors last week
brought out a loan for New South Wales amounting to 4^
miUions sterling. The immediate cause of the rise this week
was the large withdrawals for New York. During the week
ended Wednesday night gold amounting to £823,000 was with
drawn from the Bank, of which £629,000 went to New York
and when the directors met on Thursday morning Ibey knew
that another £100,000 would be taken out during the day,
while there was reason for believing that further sums would
in a very short time be withdrawn. Some gold, it is true,
came back from the circulation, and a considerable sum is on
the way from Australia. Still, the withdrawals briught the
coin and bullion down to not much more than 35<^ millions
;
Total
STole.
directors of the
their rate of discount to 3
Stocks. bonilH. .\o
1395,783.991
87.907.254
Due from
The
Rejiource»-~
I and discounts, Indud'g orerdrafta.
-J. bonds, .tc.
l)nt>m banks and bankers
jwmwnn huiue. furniture and fixtures
Otber real estate
?
Specie..
tender notes and cert'fs of depoelt.
I^Ot other banks
1
usee for Clearlnit House
Jit ezpensee and Uxes paid
^ioms on D. 8. bonds
.
Otb«rre*oiiroes
S-pt. 26.
1891.
Stpt. 12.
6
15
$8,813,619
2,680,484
1,357,701
176,659
$12,974,069
U.'Kl.76t
1,069,020
Total.
30
20158
474.196
38.457
18!<,09&
56,815
1.024.092
720.999
1,87.1,310
506.550
47.189
1,222.146
81.602
40.35J
168.895
765,966 i
188,3l5t
718.698
37,313
40,362
•'*-*^-*«'
'62,712
weeks coin will flow out to the English
and Scotland, in considerable amounts.
demandior Germany still continues, and there will be the
During the next
six
provinces, to Ireland
Tlie
Probably the receipts will
usual miscellaneous requirements.
$21,687,688
8,5172-'8
2,428,721
815'.997
Iiei83
Lll^tui-:
l!<9l.
sterling.
65' 1,9 .2
$17,028,051
$32,454,401
$-',608,000
$3,960,000
1.886.153
5,456
4,t29,ri8.1
equal the German and miscellaneous demands, and were it
not for the withdrawals for New York, there would be every
reason to expect an exceedingly easy market for the remainder of the year. But nobody here is able to estimate what the
American demand is likely to amount to. In many quarters
it is
thought that the directors would have done better to have
raised their rate at once to S}4 per cent; but probably they
it to 3 per cent at once and then
becomes necessary, next week or the
49.1.007
week after. In the meantime.although it is generally believed
7.J57
12,137,076
22,878,400
Other deposits
that we shall have a 5 per cent rate before the montb of Octo16i,4i!4
65.171
Due to banks and bankers
606,133
232,204
Notes anil bills payable
ber is at an end, the discount market gave way somewhat
oth«rlisbilitles";.T .......
124,01)7
124.097
when it was announced that the Bank rate had been raised
^O**'
$15,426,360
$17,028,051
132,451,401
only to 3 per cent. On Wednesday morning the general ex($6«e,.'i50) under State banks. opposlK
exchanges for
rSfJ:.'"^* amount
.""• I» "'»»? In reports of 8tate banks as "oaah items." but laalmost pectation was that the advance would be to Z^ per cent, and
JKI;?!,
tnoilT made up of exohansee for learlnit House.
A comparison with previous returns of some of the leading the rate in the open market therefore went to 8 per cent. In
items in the foregoing affords useful suggestions, and hence the afternoon the opinion grew that an advance to 3 per cent
we subjoin similar figures for other years. First we give for would be sufficient; and when this opinion was confirmed on
four years the total loans, i^pecie, legal tenders, capital, sur- Thursday, the rate in the open market declined to about 3^
plus and undivided profits and individual deposits
of the New per cent, and yesterday it gave way further. As yet bills are
York City banks (national and State)
scarce, and all the banks are well supplied with money.
$396,788,993 $S95.121.im) $Ma.<06.1M $S74.254'.2nS
The silver market has been somewhat more active this week,
i'^i*""; '*"<»»"'"
6l.276.108
:: .
91,036.806
86.3.40.261
70,636.937
i!I!^i.
owing to a considerable demand for Japan, Portugal and
20,H'-.611
29.4(1.1.011
32,304 424
i.f5,.",'""'®"*'=*'"''*''»P"«'' 41,418,541
88.081.670
66,662,700
66,212,700
65.612,700
M5Sii5..„;.
lL_i;
The Indian demand remains exceedingly small, and
e4.7%J.468
g.742.280
54.505.880 Spain.
68.789763
I,?,TFJ?H»"!^"°'ilT''™'"*-luillvldual
doposlU
398,811.067 37S,ag«,660 410,7«6,0S4 874,997,017
there is a total absence of speculation. Still the price ad«i»t«'«^"'it."j' ;S'J??'*""*.»" '." '^1 for national banks Sept. 2.1, and for vanced on Thursday to 46)^d. per ounce. All silver securities,
""**"'"« *»<""•": 'n 1880 for national
Se^«f'5;i.i'J5W,"iJ'!"°°'»'.
an. state Sept.
sept,
7; 1886 for national Oct. 4, state Sspi, 22.
too, are quiet and neglected.
We now add the same items for the Brooklyn
banks for two
^
market, speoiUa-
thought
Capital stock paid In
Bnrplin and undivided proflta
uircul/ition uutntaodlng
piTlilends unpaid
JndlTldnal deiHwlie.
.'
$1,352,000
2.384.130
487 561
7*157
io.740'430
100J^^3
374.229
raise
it
it
wiser to advance
to 4 per cent,
if it
t
.,•
Owing
years
l«ns and
?l^*-w-
•
dUconnt.
ygujwHiersand
lotmio
tt>78:400
8.9 ; 7.7(8
ti.477.seo
$3l!w.«8
1081003
. .
cortiflcatesof dipciiit::::;;::::::;::;
_
1890.
$21.; 78 60*
l.l«S.y06
1.23 1. 74S
8.9fl0.0C0
nrldiui deposits
to tlie uncertainties of the
tion has been
much
less active
money
this
week than
for seTeral
weeks previously.
The smaller speculators on Monday
began to realize their profits, and selling continued on
Tuesday and Wednesday. On Thursday morning the feeUag
:
:
THE CHRONICLE.
608
sharply
of the market changed and prices generally advanced
because the New York market had been so strong the preWhite
Tious day, apparently considering the failure of S. V.
Thursof
part
greater
During
the
unimportant.
Co. to be
day prices here in the American market were decidedly
higher than the New York parity, generally about half a
&
dollar,
advance
[VoL.Lni;
there will be a large falling off in the Continental demand
for British goods
but it is hoped, on the other hand, that the
trade between this country and the United States will in;
owing to the great prosperity of the latter country, and
that also a better business will be done with South Africa,
and, perhaps, also with South America. At home, too, the
crease,
and there seemed every prospect of a further condition of the people is so far highly satisfactory. The
But when it general opinion of the best informed is that the crops throughif New York had remained firm.
passing
the
•was telegraphed that in consequence of
of the dividend on the Missouri Pacific there had been a fall
in the stock of 7 points, the whole market gave way and there
was a very heavy fall in the Street after the closing of the
Stock Exchange. It is to be recollected that for some weeks
now the leading dealers in the Stock Exchange and the
greater operators outside have been in favor of a reaction.
Most of them had been unable to buy enough of stock because
of the suddenness and rapidity of the rise. Bankers, too,
looked upon the speculation as growing dangerous, and exercised their influence to keep it within limits. Speaking gener-
out Great Britain will prove to be better than tias been hitherto believed and it is thought, therefore, that there will not
be such a rise in the price of wheat as will materially affect
the well-being of the working classes.
The weather continues unfavorable for harvesting still, as
already said, the best judges think the injury done to the
wheat crop is less than has been supposed. They argue that
the yield will not be much under the average, and that although the weather has not been good while harvesting has
been going on, yet the wheat when cut has been carefully
" shocked " and that consequently it has not suffered. There
ally, therefore, this market was rather in favor of a set-back ; is no doubt, however, that barley has been injured more than
but the feeling, for all that, is unquestionably bullish. There wheat. When it is at all discolored it will not be bought for
is scarcely a member of the Stock Exchange or an operator malting, which means a very considerable loss in prices to
outside who does not recognize that the conditions are all so farmers. All the grain markets continue very quiet considerfavorable that prices must be higher by and by than they are ing all the circumstances, mainly owing to the large exports
at present.
If therefore there is a recovery in New York from America.
there will probably be very large buying by the greater oper.
The following return shows the position of the Bank of
ators here and a renewal of the advance.
Ekigland, the Bank rate of discount, the price of consols, &c,
It would seem that stocks are now held here by much compared with the last three years :
stronger parties than they were a week ago. Quite recently
1891.
1890.
1889.
1888.
Sept. 23.
there has been unquestionably much buying by weak spec.
Sept. 24.
Sept. 25.
Sept. 28. £
£
•
£
£
ulators but this week the weaker holders have cleared out to Olrenlatlon
25,297,003
24,330.120
24,483,155
24,789,990
Public
deposits
6,187,350
a large extent, and it appears now that the buyers in almost
8,803,383
5,210,075
4,878,984
Other deposits
81,107,210
28,085,781
24,001,637
24,318,508
all cases were financially very strong. In the general opinion,
aoTernment securities
10,183,855
14,416,882
14,580,892
14,731,400
therefore, the market is in decidedly better condition than it Other securities
27,980,44a
22,870,194
20,791,121
20,774,737
18,758,534
13,183.280
13,393,420
12,213,250
was recently. There has likewise been a check given to the Reserve
Oolnand bullion
25,805,531
21,013,383
2a,856,o»4
20.808,240
speculation in South African gold and land shares. It was
Prop, assets to llabUitles.per ct.
45^
41
42.^
41K
almost entirely stimulated by the rise in America, for there Bankrate
porct.
5
8
5
4
94 11-18
lOOa^
94 13-18
95 15-18
has been no real improvement in the situation in South Africa Consols 29< per cnet
109,031,000 122,283,000 109,274,000 105,134,00
and very little speculation by South African capitalists. Clearlnit-House returns
The following shows the imports of cereal produce into the
When, therefore, money began to rise and speculators became
fidgety, business eased off. Early in the week, too, there was United Kingdom during the first three weeks of the season
a good deal of speculative selling of British railway stocks compared with previous seasons :
and as usual when money rises consols gave way. But the'
niPOBTS.
18*^1
1890
1888.
1889
foreign market has been well supported. The German bourses
Wheat
cwt 4.544,892 5,167,760 3,9.57,.57n 3.411,173
are still in a critical state and there is persistent selling from
Barley
1,143,438
l,341,9i3
885,100
502,017
;
;
;
Germany, but the confidence
of Paris
is
so great
and
it
buys
so freely as to support the market.
It is now known that the Credit Fancier de
France has con
sented, at the request of the Finance Minister, to bring
out the
new Russian loan and quite unexpectedly it is announced
that the loan is to be brought out in Berhn as well
as in Paris.
The arrangements have all been completed except the
fixing
of the day of issue and of the price at which the
stock is to be
offered to the public, both of which have been
reserved by the
Credit Fonder. It is believed that the loan will
come out
about the middle of next month, and that the
price will be a
fraction under 80 per cent. The President
of the Credit
roncier was strongly opposed to taking part in
the issue for
the statutes of the Bank forbid such a transaction;
but he has
been overruled by the Finance Minister. It is
argued in France
that though this gives the loan a kind of
;
official stamp no objection can be raised by other countries,
because seven or
e^ht years ago the Seehandlung Societat, which
is a German
official institution, headed the
issue of a Russian loan in
Berlin.
The matter, however, has ceased to be
delicate since the
loan IS to be offered in Berlin. And
the intervention of the
Credit Fancier ensures the success of the
loan. The market
too isstrengthedby the more favorable
view now taken of
political affairs. The German
Government has greatly relaxed
ttie passport regulations in
Alsace-Lorraine, and the measure
has made a very good impression in
France. It is also said
that the Czar will in a few
weeks visit Berlin. The report
h^s
b^n ^mi-officially contradicted by the
French papers.Ct th
German papers persist that the visit
will take place
At aU
""" ^°"^« '''''' *•»« relaUons beWeen
" " on the
Sanv'
"'n'f
Germany and
France
one side and vxermany
Germany and RusRnT
ma on the other have improved.
Trade reports and cu-culars are
somewhat more favorable
e^cially there is an improvement
in the iron trade
aid ll:
advance in the prices of manufactured
iron. Theret lit":
doubt entertained that owing
to
the deficiency in the
crops
Oats
Peas
1,052,823
52,176
203,075
970,334
824,428
Beans
Indian corn
Flour
800,344
66.808
83,842
2,475,183
910,301
982,fia7
1,001.914
89,860
193,763
1,753,551
1,058,417
94,838
275,k40
2,016,706
1,062,212
Supplies available for consumption (exclusive of stocks on
September
1):
1891
Imports of wlieat.owt, 4,544,892
Imports of flour
824,128
Bales of home-grown.
790,690
Total
6,160,010
18^)0
1889
1888
3,957,570
2,325,870
3.411,173
1,034,417
913,048
7,345,632
5,412,636
5.167.760
910,301
2,343,112
1,032,-212
8,421,173
1890.
1889.
1891.
Aver, price wheat week.36s. 5(1.
Average price, season.. 399. 9d.
32s.
33s.
Id.
5d.
29s.
303.
od.
2d.
1888.
343 lid.
363, lid.
The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom:
This week.
Wheat
qrs. 1,627,000
Flour, equal to qrs.
190,000
Maize
qrs.
183,000
Lastweek.
1,703,000
181,000
153,000
1889,
1890.
2,010,000
l,2'^^,i)00
172,Oiio
lOO.OlX)
516,000
368,000
EnsIlaU Financial Markets— Per Cable.
The
daily closing quotations for securities, &c., at LondoUi
are reported by cable as follows for the week ending Oct. 9:
London.
Sal.
Silver, per oz
d
45
Mon.
Tues.
Wed.
Ihuri.
44i3,e
940,8
45
4459
9413,8
9479
4458
2% per cts. 947,8
do for account
94%
Fr'ch rentes (in Parlslfr. 96-22Sa 9610
U, S, 4'33of 1891
103
103
U.S. 48 of 1907
liOis 120ii
Canadian Pacific
9238
9258
Chic. .Mil. & St. Paul.... 77 14
78
Illinois Central
106
1051a
Lake Shore
12878
128'a
Louisville & Nashville.. 83
8358
Mexican Central 4s
75ifl
75%
N. Y. Central & Hudson. 113»4
II514
N. Y. Lake Erie & West'n 3II4
321a
Consols.new,
do
2d cons
107%
Norfolk & Western, pref. 38
Northern Pacific, pref.
7938
Pennsylvania
5658
Philadelphia <& Reading, 2078
Union Pacific
43>4
.
Wabash, pref
|
3178
108
577a
7979
5658
2158
4314
321s
9411,8
94%
96-30
103
I20I9
9019
77ie
105 13
1291a
8258
7514
115
3133
1071a
9413,8
91"e
96O713 96-33
103
103
120
1201a
Fri.
i*>
96-ol»»
103
120
9II4
91%
9153
7714
1061a
129^1
77 14
76%
10531
1041a
129
83
75 13
8278
751a
129
82I4
7514
1151a
115 la
32 14
115
1091a
5753
lOSia
109
57%
57
79
79
79
361a
2I14
4278
5658
2168
4278
32I4
5659
2II4
57%
32%
32%
42%
311a
31'9
7733
5659
20%
421a
aiH
October
THE CHRONICLE.
10, 1891.J
—Partiw desiring
CJiammcvclal and J^tscctlaucoits Mevos
to invest in southern California iiecurl>
are aaked to notice the a<lvurti.<M>nient in to-dny'i ChrokfCLE of the California Mortgage Loan
Trust Co., of San
Diego, which offers 7 per cent ami H per cent guaranteed or
detienturo boniU on fruit on-liardu and lands, or on inside
city property never in excess of 40 per cent of present value*.
The wonderful resources of this si'dion of country, and the
capital of this compjiny and character of Its otilcers, are mich
as to make their offerings worthy of the investigation of pecsons having money to invest.
ties
&
iMPoiiTs AND Exports ron thr Week.— The imports of last
week, ciiinpnred with those of the preceding w«ok, show a,
decrease in both dry (fooils aud general merchandise. The
total imports were $H,!i;{0,547, against $10,870,969 the preceding week and $0,050, 05S two weeks previous. The exports for
the w.'.k ended Oct. 6 amounted to $9,703,080, against
$7. Csi),
last week and l$10,551,98l two weeks previous. The
following :u(> the imports at New York for the week endim?
(for drj >;oods) Oct. 1 and for the week ending (for i;enera!
merchandise) Oct. 3; also totals since the beginning of the
first week in January,
',':!,•
rORGIOH IMPOSTS AT
—
The card of Mr. Henry 8. Redmond, broker in inrestment secorities, will ho found in the Chroniclk to-<lay. Mr.
Redmond has been for some years manager of the investment
de|>artment of a large Wall Street house and has a thorough
NIW TOKX.
knowledge of
For Week.
Dry OooiW
eeu'l mer'dlao.
Total
Since J, I, I.
Dry
1889.
1888.
I
1890.
$2,588,720
$2,909,926
10,248,219
$1,941, «0H
e,a38,7il
$7,811,178)
$8,066,487| $13,138,145
$8,330,547
1.
5,477,767|
valuable to
1891.
t2,000,15l|
A,HI1,027
good
—
Investors are invited to notice the advertisement of Messrs.
C. T, Wing
Co. ill tod.-vy's Curomicle, and to send for their
deMsriptive circular concerning a list of selected securities
rotal 40 wecka. $360,052,308 $384,744,072 $415,24 5,213 $404,282,106
In our report of the dry goods trade will be found the
itm>orts of dry goods for one week later.
The following is a statement of the exports (exclusive of
wpecie) from the port of New York to foreign ports for the
week ending Oct. 6 and from January 1 to date :
KXPOKT8 raOH NIW TORS FOB THB WEEK.
1888.
1889.
Piev. reported.
219,236,98.5
1890.
&
paying a good return on the investment,
—
Attention Ls called to the card, on the third page of the
Chronicle, of Messrs. Pierce, Wright & Co., 53 New Broad
Street, London. They act as agents and execute orders on the
London market.
—
1891.
$7,934.8831
$8,833,003
259,119,841 251,181,269
interest.
for $100,000 four per cent bonds, issued for the purpose of
funding the unfuntled debt, the entire town indebtness being
represented by those t>onds. See particulars in advertisement.
I
I
'$102.579.0fi0 $106,402,545 $119,052,523' $92,318,876
Oeu'l Uifi MUe.i 257,473,248 278,341,527 296,192,090 311,903,290
$5,887,711
His experience in this line may be
desiring to select safe securities yielding a
securities.
partiet)
—The town of Cumberland, Rhode Island, invites proposals
i;r,..,l.
For the week..
609
Mr. Joseph C. Piatt, Waterford, N. Y., offers his services
as a consulting engineer, and will make examination of
properties for investors. See card on first page of this issue.
$9,708,989
271,898,327
SbtaliOn-epk?. $225,124,696 $267,054,726 $200.014,277 $281,667,319
The following table shows the exports and imports of specie
•t the port of New York for the week ending October 3 and
•ince Jan. 1, 1891, and for the corresponding periods ia 1890
and 1889
EXPOBTS AKD niPOBTS OP BPEOtB AT NEW TORK.
Exports.
N.
GAS COMPANI&a.
Week.
West Indies
Mexico
Bonth America
All ether cutiutrles.
Sitice
Jan.
Week.
1.
.^1
lice
Jan. 1.
$924,525 $1,298,683
2,165,175
2,456,870
64,246
27.473
9,745
3.88il,2!)4
,105
,Bld.
110
1
109
M
lOS
114
—
Auction Sales. Tlie following were recently sold atauc'*
by Messrs. R. V. Harnett « Co.
SineeJan.l
All other cuuutries.
$517,819 $11,566,261
82,415
773,281
216
250,406
43,000
375
601,665
137,535
Total 1891..
Total 1890..
Total 1889..
$600,609 $13,172,364
226.150 14,681,147
461.220 15,438,718
763
Law
I
tiistitiite
155
I
I
OS-loo's
15 N. Y. Nat Ex. Bant
135
20 Mechanics' Xat. Bank ... 1 95
I
20 Sat. Park Bank
|
320
|
i!26.000 Ala.
4s,
96
1920
$1,000 Hel. <fe Red. Mt. Kit.
110
Ist sink. loud 6s, 1937
ShieeJan.1,
The following were recently sold by Messrs. Adrian H. Mula
& Son
ler
$117
$1,587
X. Y.
35 Thurber-Whyland Cc.pf.
Imports.
Week.
Bonds.
New Fundlnir
Sluires.
1
1
Exports.
lOft
121
lOS
tion
$75,018,572 !5,638,334 $10,691,991
60,.-89
*85,986 18,685,556
7,2.33,647
1,688.181 48,168,515
63,731
4,881,321
Week.
lAa*
87
,
,
3,441,040
1,270,233
34.552
298,650
456,539
Silper,
Britain
00
80
GAS COMPANIES.
AHk.
Bid.
Peoiile'slBrooklynl
63
|l--7
iWilllarasbnrg
'102
Bouila, 6s
[106
ConsoUilated Gas
98 Hi 99>9 Metroi>olitan( Brooklyn)., ho
102
Jersey City 4c Hoboken.. 170
MnulcVil— Bonds, 7»
112
Metropolitan— Bonds
FultouMonlclpal
108 'ill
Boliils, 6«
100
Mutual (N. Y.)
119 121
EqiiltJible
Bonds, 6s
100 102
1119
130
105
Nassau ( Brooklyn)
Bonds, 68
Sorlp
100
Imports.
$37,081,097
16,547,183
17,031,557
2,705,187
14,213
1,611,810
27,525
Oenuanr
§SMA
I
I
ereat Britain
Vranoe
Vkvnoe
G«niiany
West Indie?
Kezleo
Bonth America
and Brooklyn Was Secarlties— Brokers' Quotations.
Brooklyn GAB- Ijlght
Oltlzens'Gaa.LlKht
Bonds, 5s
eo(d.
Total 1891
Total 1890
Total 1SS9
If.
20,632
123.781
485,046
362,396
536,244
Shares,
Shares.
160 Citizens' Fire ins. Co
99
925 Salt Lake City Iinp.Co. of
130 J.C.& Hoboken Gas L.Co.181
S.LakeCtty,Ut.ih.tullpd
31 Tavlor Iron & Steel Co.
.$320
!f<30 each
130'4
(High Bridge). N. J
ISX.J.Zino* Iron Co
50
100 Am. CoalCo..All('K'y.Md. 76
B'klyn.273
10 .\assau Nat. Bk..
20 Exchange Fire lua. Co... 55 "4
68 N.Y. Prov.&Bo.st.RR.Co.222<4
75 Cen. Park .\.&E. Klv.RR.115U
lOTexasSirtlugs Pul). Co.. 10
225 Cent. Ariz. .M'g Co., N.Y.
15 Thiuber-Whyland Co.,p{.
iom->«
$10 each
$5
25 Dry Dock E. B'y & BatBonds.
tery RR
131
$200 Am. Coal Co. of AUeg'y,
102^»
1,000 Ray Copper Co.. Pinal
Ud.. 63. 1803, Mis
Co., Ariz., .fiO each
.$21
$1,600 Citizens' Fire lus. Co.
lOCent. N.J. Lnudlmp. Co. 53
7 i>er cent reserve fund. 71
30 Long Island Ins. Co
71
$57.50 Cent. N. J. Laud Imp.
$2,350 $1,528,316
5,2!I5,!I28
56,804
24,439
1,098,541
Of the above impprts for the week in 1891 $3,989,074 were
American gold coin and 8837 American silver coin.
—Messrs. August Belmont & Co. of this city and Lee, HigKtnson & Co. of Boston invite subscriptions at par to $3,000,000 of the 7 per cent cumulative preferred stock of the Westtnghouse Electric & Manufacturing Company.
The total
$14
Co. scrip
SauUtug ^nH
issue of preferred stock is $4,000,000 and of common stock
96,000,000. After the payment of 7 per cent upon the common stock, the two cla-sses are treated as one in the distribution of any additional profits that may be made. It will be
l^tuiittclal.
THE MERCANTILE NATIONAL BANK
NEW
THK
YOKK.
OF
CITV OF
just been successfully
reorganizt^il bv the voluntary action of the security holders,
No. lUl Broadway.
and mcidental to that operation subordinate or auxiliary com- Capital,
•
$1,000,000 Harplos dc ProBIa, 9950,000
panies hare been absorbed, the floating debt wiped out and WILUAM
P. ST. JOHN. Prosldont.
KRBD BRICK a 3CHEXCK, Cwhlar.
the fixed charges of the company obliterated. It is proper to
JAMES V. LOTT. Asstatant Cashier.
add that the reorganization was made necessary by the inACCOUNTS WOLICITKD.
adequate working capital of the companv, the business of
which has increased rapidly and steadily since its beginning
five years ago. The company owns three large factories,
located in this city, Newark and Pittsburg. All of them are
described as fully equipped with couyilete and costly machin$1,000,009
ery in a high state of efficiency. The business of the com- Capltml,
Pr««ldeot.
J. B. WOODWAKO
pany, as is well known, consists of the manufacture of elec3WaA'iV....Ai»t.C«<hlar
FRRD'K
CHAPIN.
Casblar
J.
JK.
tric light plants, motors and other electric appliances, under
AooonnU solicited and careCul alteatlaa to the IntarasU o( Ucpoaltan
patents owned by it. None of the property can be mortgaged gaaraot««d.
without the consent of the holders of a majority of the stock.
The validity of all legal steps taken in the formation and reorganiziitiun of the company are certified to by Messr.s. Alexander & (.ireen, while its accounts and financial condition I
BANKBR9.
i>ad
IS and 18 Broad
acre<
SCreet,
New York OUT.
have been examined and verified bv well-known public I
~
PaOVIUB.NCi& B. I
ALBANY" "
8AKATOOA.
N. V:
N t.
accountants. Interesting details relating to the business and "
BtTSINBW*.
A aBNEB.lL
Its prospects will be found in the proepeotun printed in an
All el ai
of Scenrttlsi Rooibt~and som on uommiWion.
8mcIi.i aitwiM
other column of this issue. The subscription lists will be
~ aadSMCIikl
flTan to lurMtmmt
Mtmmt
r
iu fail
to
failaJalpfeia
dMortiMa.
Olnot
"Ir*
to
uoii
aSo*
"•opened on October 14 and will be closed on the 16th.
" CUeaco.
Bo-*
Boctoa and
remembered that the company has
I
I
THIRD NATIONAL BANK
OF THE CITY OF NEW YORK.
......
HMRT
i
Sp encer
,
TBANSAOT
m
Trask
&
Co.,
BANKIXO
I
THE CHRONICLR
510
t
Oct.
99 0«t.:i3
ttinar.t
91
Oct. 15)1
The closing
lOitt'.
4
Ih«t.
w
prices at the
New York Board hare Umb
KOT. I
KOT,
Sot.
»Wi«
steady
re«. 4s sold to-dar at
fV.>Uojas
on
WALL stTKKKT. rm»A».orT. ».
i!<»i-a r. ».
PiaaMial Slt««tlo«.— It was
X«M^T Maurkft
^t« ««e*naiT suppk«*xl tbat the Bank of KnijUuHi rate would
k*»d«WK«d OB Tbaisdaj, anJ it was «n «gre*«We surpris*
m4
n«
Baadic—OoTcnunenta
iSOT. i>
11»
K«t.a>»wiimt. tvTtnt
to
L^
States
At the Board $35,000
chanjtv.
as
t
undermentioned
S
Sot.
3O«t.S0
•T.
]M»t...(«<Mr>
«•
«•
at the
Tailed
T"
8M*aris* C*»T^ p««t.,...!
KTWMrt«**TbR«H
York
1^1
t^Otrnprnng.
ClA.
rates of doaoaatM azchanKe on New
cities to-day: SaTanoah. tMijing
discount to par; New Orleana. oom)4 discount, !w>iUds
merv-ial. $1 00 disc^mnc: bank. SOc per (1.000 disoount: CaiarieatoB, boyuiK 3-19 « 14 dtscouni, selling par ; St. Louis, SOe.
per 91.000 discount ; Chicaso, par.
The following were the
fjaukcis' ^aicttr,
OITI BKN VS.
Xhc
fVou Utl.
t)»k the dirM-tors had left the rate
Thb ako strengtbeiuxi the buying
cent.
per
3
at
iifciinnl
of •*AH«iouK'* in London. The goKi alJl^!«t !»nd Mxviv^
riMeSe|>tM>b«rlSnow aiMMBti to about $n.5c)C.0tX\ aiid
oobudx «s the se*^»n ,».!the(« wBl protMU?- be plenty
vhw it ««s uuKMniMd
Ort.
s.
<V1
Oil
6.
7.
»*»*' «»«• «»»»'• S»-»l* 99V
-116 'lis
lltiis'liev;
r««. g.Jao.' ttS
coup. o,.J»n. 116 •!»« -lie
»16h tt«-V
4>i«.ezt*<Iat»«*.ie«.
4«.1»MT..
«a.l90T
t).-M<>i>.
.
<a.«BrVT.*»5....te«. J.
&
e». oarV,T."'»«— wnf- Jei,e«rVT.1»T
r««. J.
*
J.
J.* J.
.'»!'...
-v
J.
.r»«.
J.
•awoar"!;-,.
•».0ttr\-,T.-9>....rei:. J. * J
'IIO^'IH '111 MIX
ll3^"Hi^*H-:V*llS\ Mia-N
U4\
tlT»»'UT -IIT MITViMt
lit
*U!»'»
•H9>«*H9>i *119* -lid*
Thtila ta*i>rtoel>MatuieuioraiB<b«Htiil: a
I
w«s
ta».ti>
—
Oaiss. ^The foUowing are the currant qnotatioas in gold for
Tarioos coins:
97 «
'~s
94 83 •«« $7 naasUrar aaia..
aw««i«litB».
-93.9 S^9 • 3 90 FlTerk^iea.
MMMtMaa
zTSsiotaHkiks. « 74 a 4 77 HoataaaAoUan.. -75Ha - :»%
4':«
a
89
l>a aaaaawHe'l
•
tSFwaias.
aa.
Tasc«« mai cottcot exports ino
TO • - 72 I
toaa. DaBblaoaa.15 55 •li 7S iPwaviaaaots
is
Eschangr?
Sto(^
the
at
boojaac^
The pneent hiOt in
Max. OoaMoMB.15 Mt aiA 70 Swiatk attTer ... 4 »> • 490
p*r •«« pcwa. U.8.ti««>«oltara - 75 •
quto kcatthr aitd cakubted to do «;ood f«w the sttx-k-bo.Ting naecoM aan...
mon
w
yyhBt.
1
H isgiTiiqc tiMntan oppcxtunit^r to think, and to form
^iMWuiaM miinionn in rrfiinl Tf trrk —rilim t' *^-"<
wad ptvociectiTe income of the differeut railrxxads.
•4
I
GaTerainent Parrhases af SIlTar.—Tha foUowin? show*
amount of $Uv-er purchased by the ON>Tarnmeat in (Xrtober:
the
TVn
ai« probabtr some stocks thst adranced in the bite
iMVTCaMM M ka^ W Iher vm^ht tO|K> in the next Tear, jiui^sl PcaTtooalj repoitod
hy tfecto actual mcfits. and there ar« others that may liave OaMar 3
^ftjtj
hqm
tkcfr «|>ira(4 aaoiWMcnt if thair roads earn as
subject
MBbattMrsa^Ewnetriiiids predict for then. The
mmI deliberate o(vraeutned into under thc< spur
k oaa ttat will bear some inv«siixat*oo>
tieat ai* ainch better than those
'bocal purokascs
•TMal
in
woalk
*0-973«.
to date.
ot warkrt extiteaMBi.
«««k ara aot rtpertsA UU Moa Jay ct
*n«
the principal Western pilots frv>m
to October Saaaoants to 91.000.000 bosbt^l^. .t^rain^* thal«Uowttucwr«k.
State and Railroad Ktiadji.—Sales of State bood* have in:
tt»«flk,MB bMhcfe in laW and aboot «kQOO.<K)0 hu$bo!$ in IS^
con. 4s at S8t^-9SV ^ *'^
.The ^MblB MtMb- last Satwnlay was about :i^Oft>.000 lHi.>l)eS$, doded 9:9,000 North Ou\Uina
10-99i« : 9X000 SouUi r
tlVJltMllbwidwIs OB Aaictst 1. an increase of only T>Bn. settleoMnt 3s at
I^MMmWiwIB, the balaace of nceipts haTtns he«(i export- Brown coBsoK" at "99: 9S.0W Ala. claas -'A°
B at 109.
ed «r cone into coasaiutiaB. The receipts of wh«at ar« nove 9S.000 d.^\. clas»
showw a rariable boaiaess, the
Bailrv«d bonds hare
rawiiMt ^bcfBt T,4M,Cn hwnhfli pet week, and farmers are
iooooae
dealings as usual beioc in the
(diief
gHtias a leood nrilM Knr their prad«K«.
"
The hr^acial wiaifctt^ hare been compaiatiTeW ftee from jiinini or lower c]a«« moctjasRes of (prominent railruad
>•->'
evcBts or vumks tatelr, and the outlook seems Atchtson incomes and the CX>torado Midland 4^
.a
NiBpla of these ctaisseis—th« inoNne boada i«pre<
a
(far call loans durtitK the week v>a prospects of increased earnings and the paymentof
a
ssockaaiil bcndejUatorala hare r.»^;« I frv> u 3 ta j a>r cent. T«ar, white th«< Oilorado Midlands represent the I
«h» aTwaitt beiBK SH p, c To-day rates on cal) wine 4 to 5 \ nw ct>nt m.^rtgaase braids to which ihf v-'>i^li» of
fully c -muiittcsl ; Inil the .\tUnlic it P.i.
ewsalpaperiaqaotedat 5i\t(ji9t^p.e.
(kO. PriBW
le
ent on Thursday Stowed what sr.u;lar K>ud,haT<? be^u entirely no,_
The Baak otEnglaBd weefcly sta
ilspacia of £1,4S3,<IM, and tite percenta««> of [•St. Ctiicagoft Krte iaoouets. Brie sn-viu^i ^x
a j> ea»
ia
Pacitic oonsoL Ss and MiAile ft Ofak> general
iMU ^ « «a habthtws waa aS-SS. aniHt 41-14 last w^k; the
:-t
4hK««at lato rMsaias Barhanged at 3 per cent.
The lUitk ot ({,(. .^ti. .r ik^ds that have tx^^" n-WaWv ao-K
rongOBthege:
•f F^anre Mrnwa a decr aasa of S,ns.WO ftanea in gv>ld
i.;>adoas«ipport.
aad 3,900,009 ftaiK« in saver.
The New York Clearing Boaaa banks in their slateoient of K^, aiKi ou itK'ir merits appear (u t>t> ^i^»>i
OeA. 3 ahowei a dtenMal* the teserre held of Sl,4i:.^X), luw^- class U.uids of the lK>uld roads. T
and a narptaa o^rcr tibe reqaizad twerte of t3,101T^V a^nst osBt^Mngafie bouts seliin^ uaJer SJ ar« no oraier. aua
Si,9K.13S the pverioas wees.
ot theu are lower uiaa a few weeks ago.
loc*! iHtrvnasea at «a(Ci
On- wheat aMvatamt at
Awttast
,
m
t
CO—
m
wm
em
<-
-
I
I89(U
1«90,
9M.S.
OM.
9
4.
s
•0,*". :.*•>>
^"
.
-
*K>'-
feet
Kailraad aad MIseelUuMaBS Stacks.—The sr ';
ia
has beeu inv>:ular and the Toluaaa of bosinem sm
OeL y
-iie
prerious weeks. We have come to a halting Be;. .. ..
waitiDc for a new turn in the market, while the hoidiiurs of
«
so.Ttw.-oo stocks are meanwhile being distnbatied and a stronger -et
tw owners air* probably gettioc p.^sseissioo of a large aatouat of
SkV)
tbos« shares that are remored from the floating SBpplr ot the
-,^>
.-
^
&431.«»OIaa. 5l,M»
.*Mejra.«a»'DMiXar».9««4is.in .vv«*;:..:;; <oo
« M.ISejMaita«.t.7».l«0 S«S.7y^s,,» 6 .,<;
riv
aaj»a.i <ai>— xits^so* ^'«j««.av 3*.oT?.roo
,.j
.
.
.
.<
I«8.7S«300I>M^l.417.«00 I14.7«3c9a(> I01.4OiV4OO
laauacsjaoDe.. 5ta.«» ia».»4.ooo
tSxo^^
3Liai.7aa j>«a
»a8>J75
ii.8ii.aoo df.t.asjCoaa
Street.
n
S 4ne of the Iroads ai« aheady showing a large inoreaw
in their earnings or^ last year, owing aaaialy to the tra asportation of wheat and old com : bat the great gaia expec:e.i for
most of the Western road* should begin with NoremNr .ind
Oece>mber, when new corn begins to aaove; aad the tr.
tatioo of this crop lasts for a year.
a
The four lectdin>: Wt^tem stocks ate haU alea>r
^t'
nanvw limit v^f Auctu.^tions, and close to-daj at
•^
chison. ft^^ fKW Burlington dt Qoiaey. 83!i£ fttr
fhreira Exchaacc.-Sterti^[ bilk hare been ruUni a tride
tlu< week, and the fkel that the Bufc of Koffl-anJ
Bnct;
aid
not adraac* ifes
lada aboiee 3 per oant on Tours u^r
eoBbohMedtothe
<»
rtnaa. The itoid now afknt for t ;i IS and T4S (im- Sl PauL
Brie has been strong
««Ba*iT is cstiasMtad arfK.'RT,
1S.'(n.909,ai>d the total reoeieed *i.icoe support, with the rumors from there of a po«istb>e
^^i
Septcsaer 13 at 9IS.1IT,'.999. Actual r«tes (or exchange
ge ,•»«:
,'»r«
the preferred, though the latter has been quite duli. Mtssoan
Bwkers' sixry days sterfiaK. 4 TS*. ^4 >t» ; demand. 4 (9
4 Pacific is steadier oow at abont 90l Tto-iiay tht^n^ «•!»> o'lite a
: cables, 4 d3i^#4 8Q^.
•he
littte movemtHat in Nicke'-l- Plate common, as
-*
lof leadHs bantan ate as foUowa
vas
Vaaderbilt st^^ks, an i it s^tld up to 91^
,na
aaore aotire. dicing at 53 on reports or
as.
aieunst the Econoouc Qas OmpaayV
4S^
—
-
to
..
aad LoBtsrilie New Albany A C:htcag'o
&
itMM Stock for bettermenu clostss at 3.>^4.
,1 to
^ickiac Valley was active and weak, b.tt fuUy
SSU at the k^Io.^
Suxar h.^s t<«en r«ry dull. Lrad ckaes at f 8V Su»er t'.
i^
lion certificatvs 97*«.
OCTOHBH
THE CHRONKJLE
1M1.I
10,
TOM 8T00E UXOdknat^AOnrB arolKi
JIBW
6U
mvtMi OJC.
tor ,M$%
ani
9.
JAM.
alnat
HittHurr Ajro uiinoDr
MTocxa
MUuAar,
Ool.
0«t. IL
Atl.drtt.
/.
InrtHf
!
llJl
A<>., rnl- tr.Dcrt
im prcf...
•'
i1'>
•a
•
n
Cli.
prtif....
A'iiilnny,
I
f
vrcf.
Uhl'
««al«ni
-
prcf.
uHuck t«l.'iD<l A PMlflc.
SL Haul MInu.iirnD.
pref.
In. Ctiln.
A
Mt. I,...
ATol,
Oat
S.
».
4A<|
40<a
•ft-t
4«i«
«"•
B0<«
90
90
iia
7S<>K
ll^'ii
iiaaii
OM.
M
i3<i
lax
I17S
bl^a
f)3>4
S4
as
van 0t*4
T2U 73%
»4S
34
135% lau
74'« 76'»
lIH
tlH%
IKfa Ii7>«
13^ Si 13«
«>« M4<4
M«»
73«4
M
74
48% 45
iMfilM 24% Mar 10 47%
*'*
4%Aii«. 6
7 AMC.1
'•'"<' 72% Jan.
6 (*> >%»(1
it. ?•.
68%
6.1%
HAW |0,'>i4
47% July
6l%H4ifl.l
18% 119% 2,150
JulM!2M 122% Apr.
.'J'^
Ji.
•33
34
m
25% 2«%
A9%
39% 39%
137
8^% 83'.,
34% 34%
*94
33%
135
M
H2
73'*
72% 73%
3;<''«
i;3%
'92
35
95
83%
33
135
KH
82%
31%
95
M«)%
72% 73%
96% 96%
3^% 33%
135
141% 142
72%
'
u^
V
Tirrrii
Hauu)....
i<M 109 s
101 >< loa
ii«m,pr<!(
..tral
I
!••
.
•
:;al
•
I'"
Lake Kri«
'"'
L«k>
VI,.
Dref.
*
,„
I.
Mleb.Boqtbaro.
31%
1.16%
31
23>4
«I8U
«7%
1241^125
MXK'
Mki.'
MllMai;.<
80>ll
IJ.i
«\
P>«»K..V I<'x..ez8dai,l>eDd*.
pr*f
''
'2tf'a
231a
08%
'2M
31
9)«
8w%
08
l:itf%
12.'i
em
.ifa4t«t.I»ol»
lilcal 4e lliujMin.
li)c.
HI. NiuU
'
A
iBtpref.
UM
•%
18
\H
27'a 27%
Ab>« «0>t
4.^
1-%
27%
tO% 62 <4
44% 44%
•04
•04
87
110lsllO>t 111
iii%
1»«» 20
I9I4
19
82
82>« K>t
H-l^
.
Oliii/
Mfalaalppi
couibera
Or
.u
2S
4i
•19
•79
NarlaUoa Co
V 4[
I.
Mp«4[UutaXorth
''
rot.tnMl.eert.
Cble. * Bt. L.
"J.,
1
Uau.
t,i:.,'.,tun
iM
Mil. 4(We«t
Kl': ii iiioBd
Do
pref.
pref. tr, errta
.
A Weat K tTenslaal
p
(Grande Weateni..
tUii
24%
'37
13>t
•55
•4«
Vau-rtown 4 Ok.
it
•2»«»
•19
•79
25»»
26
41
26
20
83
25'.
23%
41% 42%
26% 27%
«t«% 06%
'•
•79
pref'
;tle
I
Un ..ij I;..
Wabaah
WkMllDc A
I.ak«
A Ooif
•18
Erto...^'
l>o
nref'
Wtwoaatn CeoHmlOo...'""'
Iac*lla •!••• «i«eka.
TitamCottamOHCo...
Da
pref.
Micar Ref.Co. ,tr>up.
etta.
pref.. tern p. «tfa.
J>>
Oa« Co.,
Coal*
truat
,
43
43%
f<4
87
20
14%
31%
87%
78%
t2%
38%
21
21%
14%
2M%
76%
29
79
75'i
ir7%
ST'.
5V
I
83
pref.
...
101
*'J2% 23««
2M'..
37 »t
.(.('-,
40% 41%
2.-,%
«Co
59%
•:{7%
::%
lul%
11.
1'.0
46
84
'<>
84
19% IM 4
14% MS
14
30%
30%
37% i-H 37%
79% 74
78
21% 21% 21
26 >4
25
47%
46%
-1%
90
98%
%
f
94%
91
IOO
102
lai
-
41
Irwa
r,i%
3'<%
98%
193
'
IMI
•192
195
.„1U
.,.,1,
I«%
87«.
«J%
I.;*'.
192
i
'»
.
.
t
FHaaa
-125
'8%
17%
•17
•35
89
98
troia bolfe
I
21
••%
41
88
•90
IOO
ar% m»
s
I
37%OM.
4«%8«pt.21
8
•«%8rpfc33
Job.
48%Anc.3*
Jan.
iO%JHlr27l 19%JrcC: 7
11'
76%
44
2
2
Fafc.
Mar
M1
120
6
12
'
:
4/410
8,'.8<1
I
8l22%J»m. t
•% acflSl
Jan.
JWM II
I
Ab«. 4 l«%««fCtl
Ja,.. 15 38%««])CS1
99% Jol/ 37
Jan.
frti
Jan. 2 111
•
Jan. 16 «4%*«vt.2«
24
85
.',
100
_
23
ll%Jalr27; 16%a*t^31
Joaaao 21 aepCSl
1.315
13
114
45
78
Apr. • •!
Jaa« 8 89
82%
Aa«.
I
106
1
ABIT II
U•HMar,
10
Jen. 18
»2%
re*. 1«
Apr. 3t
24%J*a, 14
18 ••M.lf
34%r^21
Iff^aJan.
2
U%Ja>.
2 28
53
Wi
.
30% Joly 80 88% •*><'»
67% Jan. 2. 80 ••pLSl
19 Jaly 80( 28% Jna. 14
2
B»<a.«aB.
80%
Jan. Z
87% Jan. 17
•» rt». 37
Apr.
M
Apr. I
Apr.fi
Oaptfl
•8%aaf«.1
tm
.
•apt. 31
aapi.]
.J«n*18
Jan* 1
Ja«. 2 64%
37% Jaly 80 89% Mar. !•
98%
Apr, 80
»2%jBlr 2
41%l'«l>. 10 54%«ap(.U
»4
Jan. 8 111
Pa*, f
Mar. II lOl M«r 27
88%Anc 18 Il«SMay 7
2,7001 lt%jBir24 21>*Jaa. 17
Il%Jaa. 2 21'* Oat.
an
71%
I.34l>
il^t
•«»%.
40<ai
6 •7%Jaa. 14
75%ll«pll8
846 (IOS%Jaly3l 114% Apr. l|
41%
60%
191% 19
7
16
6rpl,31
PeL. 8
HrpC 17
25% Auk.
12% Jan.
Jan.
750'
100% l</0%
16% l*\'
lu% 19%
37%
«3%
82%6«pt.*3
9
4»>>Ort.
31
82 Jao. IS
m
Apr 28
24%fl«pt.24
Mar.
19
49% Aa«^
200 28 J U.
270. 66% Jan.
,
21
Heptn
4.',
14% Jan.
60
73a
IOO
IOO
b28
19
Jau. 2
Jan. 2
Jul/ 31
4«%Aii«.
9
46
84
J-n.
766 48
800 28
14% 14% 14% 14% 3,2*0
30% 81 ^ 80% 31
2»,4<»|
37% 88% 88
88% 10J«89
78% 78% 78% 78%' 17.IM|
21^ 20% 20%{ 1.5«2
21
•94% »% 29% 29% 8,2«6|
•4«
48
47%
7*3
47% 47'4
«7%
84% 89% 18.91*
•9% 96% 1.700
63% 81,840
•1% 62% •8
17/W8)
S»% 88
38
88
W8% »»% #4% 99
38«
62% »«% 62% 52% 16,884
6.IM
l«t%l 100% 101%
101
9,4701
•4% 9.>%
87
61
21
17%
37
98
•80
2 77% H#!y(. 31
28
U
...
4«
54%0«t.
79% Auk 17'1I«~ *iar 8f
'
~
98% Joly 28 12 Mept.!?
2l%OM. •
ll%Aa«.
20% Ji4r 80
68% Jaiy 81 78%8*pt.31
•00 15% Mar. 11 '26% flqM. 18
loot
20% BcpCSl
Jan,
16/'44i
3CO!
109
'If9
47
84
•80
*7
9n
81
*
pref
'rBCnl«»i»T»l«irr»pb
xntkaprtMakMa
22
IOO
i<%
',•107%
9
47
78%
9»S
.
5«^
108
IJ>9\
•.333(
41%
73%
O
72%| •72
TtJnfy 80 18 Aar. 34
11% Mar. 14 20 «ept.l8
lv%Mar. 6 29% Mob*. 17
26,092
864177
1>I80
83,4701
69
110%11U% 109 100
'43
43% 43% 437*
14% 16
14% 14%
19% 19% 1*
19
14%
31%
38%
•1% 9t%
62
%i*L
41%
5«
98% May 19 118%8rp<.21
8% Am. 3 9 Aa«.S4
31
15 1226 Joly 6 271
20,784 14 Jnly 30 23%
6,872
•%Jaly 30 ll%8epC*0
6,988 26 AOIC 4 41%8<9«.M
745 13 AOK, 17 18% Oct. •
808
18% 13%
tl% 41% 41% 41% 41
•18
20
11% 18% '18
>.
>iO\\
00
•97
97
109
43% 43%
14% 14%
19% 19%
48
14
40
13%
17,017
82
67
39
37%
M7
20»»
14
•77
31 2l%(>ist
•
311 H9%8<ipt.21
I if, '4 (Mil
»
July 80 *J
10% 10%
39% 40%
18% 18%
•6»
»5%
28% 28% 28% 29%
74% 76% 76
76%
25 •» 25% 26
26
19%
Apr,
llO%8«MtM
'/
', <>eL
17%
47% June 29 7/%p«|t
18
6a %
83
6 129
X106%Jik30
67
23
30%
69
39% 33%
10% 10%
18
•56
•8
8
10t>
21%
81% 82 '4
46
39 •» 39%
17% •17
17
Ht»
110%
•2«%
125
102
>>4
21
•;
125
.
i«4%
20%
40
.'.0
41% 42%
iiacaioa.
Cut:
20
2% 53%l
.
31%
69% 70%
39% 39%
31
2,410
4,7^2
1,2481
24% 25
•24%
22% 22% 23
23
4U% 41
40% 41%
26
26% 25% 20
26%
2/%
40% 4.%
»wH
tH>9
45
•7<t
83
•ir,
•MJ'4
92%
45
26% •18
19%
•18
•78
J
te»>....
85
24
.
•91»
6-/% 10l,'>08
86
76
26
2«% •25%
47%
48
8^%
06%
»1% 62%) 61%
37
59%
28% 28
75
"i'atj
2.0
•,0
n% July
July
.',3
"
—
17%
16
4i»
400 Hn i»a. 3 9w%8«pt.l8
40,941 66% Aa«. 14 82% May 1
6,928
Mar. 9 29% Apr. 27
2,217 It July 30 109 Apr. •
- 2.500 17% July
20 25%39fcl*
3,172 87%jDl|r 80 I08%«avt.l8
100 70 Mar 21 •8 Jau. li
27%
»1% 81%
41% 45
30% 31% 11
31%
71, %
70
60% 71
3»% 4>i'4 :)M
39%
•226
23,
230% 230%
20% 21>>; 20% 21
11
ll<4
lu% 10%
40
40% 39% 39%
18% l»% lx*« 18%
56% 5>i% •56
66
•W
14% 16%
0%
4.8.'.0
17%
45
1^5
81% 82%
38
39
78% 79%
21% 21%
20
1. 11,
»'
•6.437
112
t
U
U
M
U8
9 IM%Hep(.it
1'12 «*p4.1»
3| 3<%H4)t4.21
10,0o2
6%
,rpt.»l
'irt.
loO 111%1'el'.
906 72 Jan.
90 Mar.
741
6 Aujf.
l« 20
Jan.
1/5%
99
109
H\
2,2 1>:
27
81% 82
4«
—
30 03% Ja<k
80
8% Jan.
20
.Ian.
30 l9%Jaa.
~
42%
80% 861
i
3 7,«%«»pfc__
2 I0:<%ll«pc31
2 70 MapLSl
July
1.325
5 July
42 July
400 .9% Joly
•14%
42<»
J».,.
•^pl •
It
I
84
41% 43
"19
20
25% 26
47% 47%
«w%
88
95
•»%
51% 62%
93%
-•U«bCo
M4U-
31
110% llO% 110% 110% llO% 11U% 110
IM% 'MM l»% 20 4 J 9% 20% 20
9-,-
* alitoreod'sCa.
n fifru^ral El«etrl«
.
'
r«e^.
tcd(>a*On
43%
42
.
iMDver
,nc
6%
44
87
13%
80
84
112
6%
7%
•7
;5
J,,,,.
li).2:
22% 22%
06% 67
•98
K%
Looia Buutliwe^leru
ft«•
8% '"li'-.i
8% H\
8% 8%
Do
17
17
17
17% 17% ITS.
pref.
'35
•t FmU a Duluth
•39
37
87
85
35
9->
97
•97
•96
98
98
109
ft. PmU JflDD. 4t ManHoU^.' 109
iMTa loar* 108% no
wntkeni PariacCo
48% 433^ 43
48%
Ttaaa * )h«-inc
14% 1»% 15
15%
•19
TMedo Aon Artmr * H. Mleb' 19% 19% 19% 20
20
Toiedn A Ohio Centrsi
•49
•45
4«
4«
47
Lr
16
l'/5
*I4% 16
17% 17% - 17% 17%
27% 27%
27
27
58% 60% 59% «0
00% 61%
43sr
•81
•109
112
K'M
•37%
13% 13%
•56
•6«
If
.7
60
41% .41 "« -10% 41% 41%
72%
72% 7z% •7Z% 73
105 108 •:</7 108% 108
39
107'i 108
125
10>9
27
2«
13% 14%
60
67% 50%
41% •41
41s
•72
73
72%
T. U.. ^
7%
-79
23
38
112
•14% 16
18% 18%
•18% iO
14
I>o
Loala Aliuu
2ft%
20
83
23% 23<l»
40% 41%
29% 27%
66% 67
>'uric KvaoiiTtlle.
>
00
7i)%
•7
7%
1.0%
IM'O
27',
m
.
98%
I
H-,1
«)%
I
2.90<J
7
•29
31
V9
20
22% 23%l
h7% 67 V
_
oA
•
48%
127
2.^% 2i
67 •• 68
25 125
1^0% Vlh 126
3'-'94
99
98% 98% 98".,
68
109
112
7%
1.'.%
43
!"
43 >« 43% 4»
2d pre/.
_
«ew York Laka Ertc A Heft'a 30^ TMU 30<a 31%
l>o
63
69
69%
pre/.
Hew York Jt New KokUwI
•"% 40»»
39>a 40>«
JTaw Yort Bew H»». A Hart, 227 23i
2^7 235
J!.«, V«rk OuUrluA We«t«ru
lU 21%
21 >• 21',
21%
"
10^ 11%
'tacinefaao. * n eai.
10% 11
40%
40
40%
41%
pref.
>
•17% 19
VeaWTB
18% 18%
•&4>« 56
M*
»«%
pref.
ortlicm Pa«tt«..
29% 2«»'i.
30%
76.. T7»,
•:eu 77%
pref.
Ohl'>
3i>9
22% 23%
241*
«8'a
«•
tf»
8I>4
M4>« 10
44%
'
120
Hapt
2«4.ia<i
2.8 k!
It's
10-<% 107% 109
108% 108%
107 109
IUl% 101% 101% 101% 102 102 'loo 102
10^% 103
11
iiHi n't
11% ll-S li% 11% 11% 11% 11
'28
l-ih
112
109
pref
iioABC Loal*
'
12a
28
07.M(iA%jKn. 3 122 H«pt.Zl
7%Hap(.21
ll.O.VM.taHMar, 9
19
80% 7h% 80% 79% 80% 79% 80%
26% 27% 2.'>% 36% 25% 26^ 24% 26
2«<* 27S
2«>i 27>a
A III. tnA\tafo..
104% 104% 102% 102% 103 104
led.eouMl.. 102 102 >« 103'« 104% 103% 104
23 '4 2.) 7, 2'!
•22'« 23 '4
24 >4 24%
23% 24% 23%
101% 1^/1% ioo" i'oi"
10.!', 102
102 102%
l'Jl% 102
108
•80
85
•»0
•81
85
86
86
•HO
Hi
82% 82% •81
NaxlirlUe
.
.,
It'll
-.'2
'tft
.1
M«
*ii
WHH
pr«f
WeaUm
dc
I2A
2,(8;.-,
1«*(/H0,
m
96'a
.
•
34% Oct.
12iU9
titr
700: 41%J«><.
I
135%
141% 142%
13.^
Jiilr 3<»
July 29 OO'.HvM.n
'
Jutf 311 41
Mar. 18 188% Ja& If
83% IW.: 2 >,()»% Mar. 6 87%««pt.31
ifi 2,«</(), 21 Jolf 80 86% ••7122
UiiM\
600, 77%J»n. 29 9«>%0«1,
•
73% 24/., 0: 56%iulj' SO 74%8«pt.31
96%
ItOj
Joly 27 98 Jan. f
33^. 2:i,n:ir, -/,;
Juty 31
8*|fl.2i
138
82% 83%
3t%
X2% 83%
Wa
vt
123
l.'tl
137
14%
M»MMihtt»»t. 7;i«;%
IIT 118
llilV ll.*>'«116%
74''i
9h'I38,
24
fell.
5.3771 42
HO
118>4
74
l«.44.'i,
97% 9»
71% 72
Hi
102
101
4/2, 29
59
141% 142% iVi%i42
.fcWMt 14l%14-.j>i
19% 19%
/.
.0
20
20% 1U'« IMS' •19% 20
2t
50
50
»<>%
50% tO% 50*« 50
!'
48%
IX/'a
pref.
•6%
•6% 7% •8% 7
7% •6%
«% 7
But Ti'MienMc r>. AOa
a"*
a'(
'50
'5o
•60
60
58
•50
*ft0
60
I'"
eo
it
Ittpref. *M)
'14
•14
1*
'13<«
l4%i Uis •l5
20
14
14
2>l pr«r.
.
I
lie
138
Tr,
L9V«Mi
».
101% 101 •« 101% 10%
74% 74% 7i% 71-',
117 117
IIU%II8
116 116% ll«
li«%
74
73
"3'3'4 "84"*
13t)
I3«%
I42i« I43*>.
Waa«,
Frldar,
«>
lO^M I02>4 102>4 I02>« 102% 10^%
«MC«ofMlMlalMt.
of tha
Wa4u«id*r, Tkaraiar,
«-. Ool
8.
Oet,
7,
44% 46% 44% 48% 44% 45%
•5%
U
5% 5%
68% 88%
8<>% 89%
AmI« 60%
59% A0% Ax% »•% .^•%
il«%ll«l
IIWS l:0<4 119% llw%'l110 120
110 IIU
34>« 34'a
3t
34
•44%
34
MU 341*
*1 84% *D8
27 '4 27 »*
20% 27% 2«% 97
3>% 20%
2;>a '.f7it
6W
M*! 00>4 &9>« ««>', AM
58% 59
Sx% »«
40% 40% 3(1% 40% 39% 3i«%
40
*0\ 40>« 41
litA
13&
140
\Ui
140
lli&
l3.->
140 '135 140
98
VM^f jOO>«
9tf%
97% 98% 97% 98%
•71% 72
7'.<
7a
7.
72
7!% 71% •71% 71%
44 ^
pref
I'lrklliirVul.
TuMdair,
Mrf>a
T^^a
Uhlr
Moodar,
IMI.
I,
HI
IVi
7 32% Mar 1
^ _. 16%Jaa.
*ja7| 3l%Jaa. 26 41%P«C. ••
r««L 1*
•SA.OnO 9l%Aac. 7 81
736 175 Jaly 31 (M%Jaa. 14
97
V'''^ 'If, If)- 1
89%
•
•90
%••
t2tm
Ma. dlr.
1
SArUatr.
X
-
AW
.".'
l-rh Jan.
'
5%» S
THE CHUONK.LE.
512
[CntiUnne I)— T.V ACTIVE STOOKS.
NEW fORK STOCK EXCHA.NWE PRICES
Range
Oct. 9.
(.sales)
in 1891.
1]
Indicates unlisted.
B»llroad Stocks.
^....100
A-lahama & VtckburRU
100 160
Albany & Susquehanna
90
Atlanta & Charlotte Air LIT. ...100
SellevUle
&
—
Buffalo Rochester
&
Preferred
Burl. Certar Rapids
California Pacitieir
Pitts
&Nor
Cedar Fo lis & Minnesota
&
100
100
100
100
100
100
26
30
79Te
80
40
4m
100j{
t
Aug. 167 "a
135
99
June 140 May
June 1031a Feb.
30 Apr.
Apr.
& Pittsburg
Columbia & Greenville pi
Des Moines & Fort Dodge
Preferred
Duluth S. hore & Atlan.H
PrelerredH
rUnt & Pcre Marquette
30
13
7\
153
Kanawha & MiehiKan
Keokuk* Des Moines
Apr.
13
Sept.
35
14
9
714
25
Ask,
50
100 105 ISO 165
100
5
26I3
35
100 32
100 75I3
55
8
100
312
100 15% 171a 14
Highest.
8ia
18
161s
June
1
Mar.
July
July
Jan.
July
Sept
Feb.
ISH 16
Mar.
7
3
6
5
2
13
90
10
I214
90
10
Sept.
78
27
11%
5
12
14%
Mar.
8I4 Sept.
Oct.
275(, Sept.
17%
Apr.
86ii)
8% Jan.
12%
Oct.
412 Aug.
June
5
1
96
16
May
22
Apr.
11%
Oct.
15214 Mar.
Jan.
Apr
Sept.
Sept.
161a Sept.
9%
Mar.
11
8
100
miBcellaneoas Stocks.
Feb.
6 Aug.
7 Jan
131a Apr.
25 Aug
301a Jan.
63 Jan.
55 Jan.
18 Jan.
5 Mar.
70 July 85 Jan.
101 Apr. 1091a Apr.
40 Jan.
33 May
5 Jan.
51s Aug.
137ifl July 1 48I9 Mar.
104 Jan. 110 Mar.
Wayne & Chlcago.--.10n {151 153 149
No price Friday latest price this week.
May
Aug
Aug. 185
9
36
76
Feb.
Jan.
Feb.
Jan.
Adams Express
American Bank Note CoU
Jan.
15
Feb.
Apr.
in 1891.
(sales)
Loive^t.
Aug.
7 '8 Pept.
418 Feb.
12
Ft.
'
Sept.
Oct.
June 152
144
.fe
fitts.
4318 Sept.
811a Aug.
Range
Oct. 9.
100 tl47
142 Jan. 150 teb.
44
46
100 JllTM 1171a 113 Jan. 123 Feb.
100 80
811a 781s June 821a Apr.
Am. Telegraph & Cable
981s 97 Aug. lOlia Mar.
American Tobacco Co., pref ..100
13% 9 Juiie 21 Jan.
100
Brunswick Company
69 June 80 Mar.
Chic June. Ry. & Stock Yards. 100
100
86 JiUy
81 July
Preferred
100 ; 80
7713 June 92 Mar.
Citizens' Gas of Brooklyn
100 * 16I4
14 July
19% Jan.
Columbus & Hocking Coal
100 ;i2i% 1221s 1031a Jan. 124 Sept.
Commercial Cable
100 26
30
28 July
Consol. Coal of Maryland
231a Mar.
100 { 1978
12 July
211a Sept.
Laclede Gas
100
60 Jan.
40 May
pref
Do
15
16 Mar. 16 Mar.
Lehigh & Wilkes. CoalU
2312 Sept.
100 22
15 Jan.
Maryland Coal
80
100
68 May
83 Oct.
Minnesota Iron
100 : 24
22 Aug. 42% Jan.
National Linseed Oil Co
9I2 July
13
100
12
13 Sept.
New Central Coal
44 Jan.
100 : 40
38 Aug.
Ontario Sliver Mining
50 260 280 260 May 290 May
Pennsylvania Coal
24 May
50
23 Pell.
Phila. Natural Gas
28
33
38 Feb.
34 Jan
Postal Telegraph— Cable!!
5
100
4 July
e's Jan.
Quicksilver Mining
41a
40 Feb.
2514
25
25
Sept.
100
Preferred
t
17
19
14 Mar. 19'8 Apr.
100
Texas Pacific Land Trust
59
5018 June 70 Jan.
100 57
U. 8. Express
142 137 Jan. il45 Feb.
...lOOi 138
Wells, Fargo Express.
American Express
100
100
100
100
Preferred
IjOuIsv. Evans. & St. Lo., cons. 100
100
Preferred
100 14
liOuisv. St. Louis & Texas
50
Mahoning Coal
50
Preferred
25
Memphis & Charleston
100
Mexican Xatioual
50 *143
Essex
Morris
lOO 106
H. Y. Lack. & Western
16
100
K. Y. & Northern pref
100 11
Peoria <fe Eastern
Illinois Central leased lines
Jan.
Jan.
3% Mar.
9
50 151
100
7
100
100 15
100
8
100 17
100 25
100
5
100
Pr3ferred
Georgia PaciflcTT
Green Bar Win. & St. Paul. ...100 J
1001
Houston & Texas Central
74
20
41% 29
Atl., Belief, trust rects.TI.-
Clevcland
30
Indicates actual sales^
Bid.
Pittsburg & Western
Rensselaer & Saratoga
St. Joseph & Grand Island
St. Louis Alton & T. H
St. L. & San Fran. Istpref
South Carolina
Toledo Peoria & WesternH
Toledo St. Louis & K. CityH
Virginia Midland
May
162
9214
South, ni. pref....lOO 135
Boston & N. Y. Air Line pref
Brooklrn ElevatedT
Chic.
170
Highest.
Lowest.
Ask.
(t
Inactive Stocks.
vindicates unlisted.
Inactive Stocks.
Bid.
[V(L. LIU.
1
I
;
NEW YORK STOCK EXCHANGE VBICES—STATE BONDS OCTOBER
SECURITIES.
Alabama— Class A, 4
to
Class B, 5s
Class C, 48
Currency funding 48
SECURITIES.
Ask.
Bid.
5
1893 101
North Carolina— 6s, old
J&J 30
Funding act
1900 10
New bonds, J. & J
1892-1898
20
Chatham RR
4
Special tax. Class 1
4
Consolidated 4s
1910 93
6s
1919 121
Rhode Island— 68, cou.. 1893-1894 101
Arkansas— 6s,fund.Hol.l899-1900
do. Non-Hollord
7e, Arkansas Central BR
1914
touisiana- "8, cons
Stamped 4s
1894-1 895
Miesouri— Fund
is
City Bank Statement for the week ending Octas follows. We omit two cip/iers (00) in all cases.
Banks.
(00» omUtei.)
Oapitfil.
Surplus.
$
Bulk of New York.
2,000.0
Hanhattati Co
2.050,0
Merchants'
3,000,0
ICechauics'
2,000.0
America
3,000,0
Phenii
1,000,0
1,000,0
City
Tradesmen's
760,0
Chemical
300,0
Merchants' Exchange
600,0
Gallatin National..
1,000,0
Batchers' tt Drorers'.
300.0
Mechanics'
Traders
400,0
Greenwicli
200,0
Ijeatnei M.inufact*r8.
600,0
300,0
fieventh National...
State of New York.
1.200,0
Exchange..
American
6,000,0
Commerce
S,000,0
Broad wav
1,000,0
Mercantile
1,000,0
Pacific
422,7
BepnbUc
1,500,0
Chatham
460,0
Peoples'
200,0
North America.
700,0
Hanover
1,000,0
Irving
600.0
Citizens'
600.0
Kassan
500.0
Mu-ket & Fulton....
760,0
Bt Nicholas
600,0
Bhoe <fe Leather
600,0
Com Exchange
__
1,000,0
Continental
1,000.0
Oriental
800.0
Importers' & Traders' 1,600.0
l>«rk
2,000.0
East River
260,0
Fourth National
3,200,0
Central National
8,000,0
Second National
300,0
Vinth National
7BO.0
PlTst National
600,0
Tlilrd National
1,000.0
N. y. Natl Kxchange
300,0
Bowery
260,0
New 'i ork County.... 200,0
German. American....
760.0
Cba&e National
600,0
Filth Avenue
100,0
•erman Exchange....
200,0
Gcrmania
200,0
Onlted States
600,0
Iilncoln
800,0
Garfield
200,0
National
Fifth
150,0
Bonk of tlie Metrop...
800,0
We«t81rte
300.0
Beaboard
600.0
Blxth National....
200,0
Western National,
8,600,0
rint Natloual,B'ki7D
800,0
&
,
,
Total
c
Loam.
S
1,823,0
l,6;i8,2
POO, 7
1,900,')
2,050,0
442,8
2,607,3
10b,6
6,603,7
141,2
1,539.4
294,7
414.2
149,0
674,0
66,3
505,7
2,068,6
3,271,5
1,6S1,4
967,5
436,3
958,8
814,5
321,3
673.6
1,663,6
284,5
415,1
244,9
763,8
112,8
244.2
1,188,2
202,2
408,1
6,120,9
2,622,2
137,0
1,643,1
615,3
363,0
263,3
6,8.'i4,8
28.2
161,9
480.5
573,0
277.1
1,013,3
800,2
616.9
6(>3,3
632,1
855,9
86M
297,7
638,7
242.0
175,0
858,1
296,
788,6
11,210,0
9,800,0
6.845,4
8,755,0
14,60X,7
4,177,0
10,8'28,2
1.858,3
22,178.0
3,491,9
5,'22o.3
1,718,0
2,180,0
1,160.4
2,857.9
1,267,8
3,530,2
17.(141,0
18.251,8
B,4S2.7
8,016,1
2,686.0
Speeie.
S
1,320,0
1,591,0
1,145,1
1,271,0
1,814,5
617,0
1,967,8
173,1
5,911,4
510,2
750,7
534,3
210,0
169,1
403,6
181,8
121,0
1,107,0
1,654.3
1.032,7
1,031,0
i.'^o.a
10,2(18.4
1,308,6
6,858.2
2,431.9
4,309,7
14,008,8
3,221,0
2,779,4
2,757.4
4.039,6
1,869.3
8.095,0
850.9
199,5
580,0
8,570,6
462,6
600,5
218,1
561,0
115,0
428.0
823,8
7.'^3>j,6
4.431.7
2,040,0
22,865,0
21,420,3
1,103,8
18.30il,4
7,419,0
4,579,0
2,.'>49,4
23,563,6
3,i06,2
1,476.8
2,664.0
3,057,1
2,772,1
11,471,0
4,378,9
2,778.7
2,702,5
4,637,6
S,'>70,8
8,l;l9,4
1,88(1,3
4,1119,5
164,0
3,620,0
1,530,0
8,168.6
8,708,0
2.
1.116,4
138,2
3,408,0
4,878.4
83,6
3,871,4
1,284,0
1,004,0
643,8
3,080,0
264,9
56,3
560,0
680,0
377.7
1,812,4
889,0
180,4
331,8
1,034,5
821.9
6ue,6
854,7
967,2
388,0
6b0.0
191,0
777,3
662,0
LtgaU.
«
1,130.0
571,0
69.1,8
497,0
1,156,2
456,0
2,43S,0
155,1
2,068,1
4B1.B
289,3
241,5
220,0
103,7
247,9
105,1
411,3
1,499,0
1,983.0
155,3
819,0
553,9
1,136,1
742,4
273,0
550,3
564,1
232,8
129,5
368,1
626,2
281,4
579,0
248,0
198,7
287,1
2,066.0
2,071,8
Deposits.
*
10,060,0
9,356.0
6,673,3
7,075,0
13,661,5
3,752,0
12,'.i73,2
1,638,6
23,390,0
4,003.6
4,U1,2
1,763,9
2,150,0
1,080.7
2,397,5
l,29'i9
2.833,3
12.794.0
12,763,5
4,48-2,3
R.024.4
3,065,8
10,622.9
6,102.9
3.042,8
6,133.8
14,629.6
3,138,0
2,819,8
2,856,7
4,210,5
1,866,9
3,780,0
6,977,0
5,049,0
1,870,0
22,498.0
25,<il7,0
16'i.0
916,5
1,134,8
1.8,511,6
469,0
313,0
259,6
7.807,0
6,366.0
3.140,2
21,880,7
2,917,3
1,264.9
2,742,0
3,279,1
2,547,8
13,202,7
4,604,9
2,2Sil,8
601,6
162,6
165,0
40,0
200,9
1,790,8
287,6
548,7
369,8
127,9
648.5
277,4
210.2
360,5
243,0
476,0
1080
1,618.8
279,0
3,18-3,3
3,099,8
4,89 -(,4
4,561.3
3,8.'>8,2
2,011.9
4,724,2
2,340,0
4,145,0
1,270,0
8.552,3
3,609,0
60.772.7 64,068,1 405i833.5 64,158.8 89.592.1
402.692.6
Bid.
96
96
1892-1898
Tennessee— 68, old
1912
Comiromise, 3-4-5-63
Aek.
g7>a
New
1913 10313107
settlement, 68
10131 1001a 101
5s
egia 70
1913
38
9Sia Virginiar— 68,old
125
68, consolidated bonds
6s, consolidated, 2d series, rects.
613 10
3
63, deferred, t'st rec'ts, stamped
21a
South Carolina— 63. non-fuud.1888
New York
8, 1891,
SECURITIES.
B.C. (cont.)— Brown consol. 6S.1893
Ask.
Bid.
New York—6s, loan
1906
1906
1906
1920
0.
New York
7
7
City,
Banks.
Capital dc
Survius.
N. York.'
*
Boston and Philadelphia Banks
Loam.
Specie,
lie-galt.
Devoaits.-r C^iTc^t'n Olearint**
1'24,920, 5 400.580,6 58,769,0 51,099,5 402,848,4 5.462.0 732.533,0
Sept. 5
12.... 124,920 5,401,516.0 81,714,3 47,999,H 403,965,3 3,629,6 626,987,8
124,840, "404,588.5 82,483,0 46,913.7 406,569,8 .i.303,8|73!.943,«
19
Oct.
26. ...1 124.840,8 407,817,1 62,403,1 42,763.4 104,641,5 5.570,3'814,066,8
3... 124,840 405,833,5 64,158,8 39,682,1 402,592,615,621,6 801,160,6
Boston.'
Sept. 19....
••
28....
Oct.
3
66,812
65,842
153.907,7
134,728.3
155,239,6
35,793
35,793
33,783
96,867,0
97,204,0
87,627,0
1
B5.84',!
...
8.278.1
8,379.2
5,829,2
6.537,4 128.131,3:3,813.41 99,081.8
7.083.6 129,146, ll3,8 46,91 101, 764,2
8,345,5 129,044,3 3,855,3 112,700,5
fhiin.*
Sept. 19....
"
26....
3....
Oct.
*
We ornit two ciphers
delphia, the item "
in
all
tka^e fl;arei.
66-209,8
73,776,4
72,365,0
98,074,0 2,979,0
98,326,03,096,0
98,577.0 3,112,0
28,873.0
29.S83.0
28,949,0
t lacluliag, tor Bi>sLoa
aad Phlla
due to other banks."
City Railroad Securities— Brokers' Quotations.
Atlantic AT.,B'kljTi.st'k.
Gen. M.,59, 19C9...A&0 100
Bl'okerSt. & Fai. i\ -Stk. 26
Istmort., 78., I900-.JJiJ 110
Br'dway
it
7thAv. -St'k..
1st mort., 5s, 1904
.J&D 102
58, 1914. ..J&J 100
'24| 100
B'way Ist, 5s, gu
2nrt 68, int. as rent., '05. 90
2dmort.,
Brooklyn City— Stock
169
Istmort., 5s, 1902. .J&J 100
B'klyncro^st'n 68., 1908 108
Bkn.O'y&N'u53,1938 JAJ 103
lentral Crosatown— 8t,'k.. 145
Tl5
1st mort., 6s, 1922.
Cent. Pk.N.cfe E.Riv.— Stk. 113
Consols. 78, 1902 ...J&D 112
Jry Dk.E.B.ife Bat'y— Stk. 130
Istmort.. 78. 189.S..Jd!;D 100
M&N
Bank Stock
BANKS.
I
List
Bid.
208
Bowery
3!2
275
185
35
H05
Eroadway... 255
Batchs'&Uc. 178
Central
ViO
400
Chase
Chatham
400
4600
Ohemloal
430
City
153
Citizens'
230
Oolutnbia
Commerce... 184
—
Continental
Com Exch...
Deposit
Sast iilver.llth Ward...
Filth Ave
Filth
First
138
243
112
150
200
Fonrth
104
42d
Scrip
<
Eighth Av.— Stock
42(1
&
Gr'nd
104
94
F'ry-Stk. 240
Hoast. W.St.A P.F'y— St.k. 200
Ist mort., 7s, 1894.. J&J 100
lltl
102
Ninth Ave
Se "nd ATe.— Stock
93
80
100
lat mort., 58, 1909.
165
Sixth Ave.— Stock
300
Third Ave.— Stock.
Ist M., 53, 1937. ...J&J 103
Twenty-third St.— Stock.. 240
102
Istmort. 78.1893
11(1
105
117
116
116
I'M
103
M&N
320
1-25
350
Hud. River.. 142Vs 155
4900
600
!
26J
185
112
250
120
Im. & Trad's'
Irving
Leather MCs'
Lincoln
Manhattan...
Market& Ful
Mechanics'..
630 630
18-2
185
240 260
370
175 il77
2i2Hi225
192i.i20U
M'ch8'& Trs'.
Mercantile.
.
218
218
Merchants'.. 145
Merch'ts Ex 118
Metropolitan
7
Metropolis... 370
Mt. Morris .. 2.^0
Murray Hill 500
300
2500
I.
17 mil
Nassau
ICl
280
109
230
IDS
41
lis
61
...^
107
105
95
103
170
,
liV
ioi"
-weefc
tliis
BANKS. Bid. Ask
New Vork...i235 240
I
305
Qarttold
400
German Am. 120
German Ex. 320
Germaiiia
330
Greenwich... 145
Hanover
345
153'ii
.?
175
St.
99
210
Istmort., 7s, 1893. A&O 102
38
St. Mauh..fe 8t.N.Ave.
Ist moi-t., 68, 1910.. M&S 110
2d M,, income,6a....J&J 49
BANKS.
'2000
Il70).j
EighthAv.— 9crip,08,1914 103
=lallatin
105
14th Street.. 170
PlrstN., S.
Drv Dock B. B'y & B.—
103
28
114
197
104
— Latest prices of bank stocks
Ask
205
Imerica
Am. Ezoh... 150
no
Il65
152
125
10
N.Y. OoHDty.iOOO
N.Y.Nat.Ex.;i30
Ninth
l,)th Ward.. 150
N. America.. 11 65
|210
Oriental
I'-'O
Paciflo
Park
310
People'3
1285
Phenix
ll'^o
Pioilmce Ex. Ill
Republic ....1 177
|172
Seaboard
i320
Second
125
Seventh
Shoe&Leath. 148
Nicholas. 130
State of N.Y. no
100
Third
Tradesmen's. 95
Uuit'dStates 200
111
Western...
West Side. 200
St.
I
j
iiST
!
I
108
'
170"
;
338"
^L
165
—-
1
\
i
j
I
j
I
lis"
ni"
105
100
»\
I
(
OCTOBER
10.
1801
THE CHRONICLE.
]
BOSTON. PIIIL\l)EH»lir\ AND BALTIMORE STOCK EXCHANGES.
Ef Share Price* — not Per Oentum Price*.
S»lei
Active Stocks.
A
8.
Atlantic
A
Par.
Fe (Botlonj-lOO
"
3.
Oct.
5.
44
45S8
4536
4«<4
100
6l»i,
'
iis" 117
100
Boston A Albany Soslon) 1 00
"
lydwell
100
Boston *
"
100
Boston A- Maino
(if
"
Central
100
Mass.
"
I'rrferred
lOO
"
OhU\Hur..<i Qnln.
100
208
170
.
i
& Pew
203
17U
17H
YsJa
•37
203
170
175
19>4
30
74=8
Chic. Mil. fi SI. P. (Phil. ).100
CUic. & \V. Mlc-li. riJo«(o«;. 100
"
100
Cleve. A fantou
"
Profprr.il....
100
"
Flti'lilinrif prcf.
100
991s
751a
175
•181a
'
North Anierieau. (Phil.).lOO
El. .CJSosCrt; 25
26
80
20
80
2H
47'8
471a
47%
24
40 14
191a
"
50
50
50
50
100
"
.
"
105
lOti
Haven
{Philu.)
4914
501s
20%
'49 "a
50
50
KesquelKuiing Val
"
Kortliem X. 11
{Boston) .100
Korth Pennsylvauia. iVhilit.) .50
Oregon Short lAnc... (Boslim) .100
.
Farkersliurg
{Bull. ) 50l
50
2He
50%
W(-t
!
:
55%
52
West Jersey A Atlan.
Western Maryland..
Wllm. Col. i Augusta
WilmingCiiA Welilon
!
65
54%
53
24% 25%
"
Franklin .Mining
Fn*nchnrn'MliayL*nd
Mining
29»9
76»9
28=8
7519
29
41
42
41:18
41%
49»8
491a
26I4
•49% 50 14
49»9
49%
50
50
20
20»8
1914
20%
4959
2614
49%
49%
4959
2814
26
18% 19
19
181a 20
106
106
106
70
-
106
9%
9%
X Ex
19
'9
19%
49%
50
1938
19»8
49%
26% 26%
18% 18%
49
4%
219 222
25
8«pt.2S
85%
Jan.
"
5
^9
13
-2
-1.1.21
r-.
Hept. 22
Feb. 11
8ept.ll>
Sept. 18
Jan. IB
18% 18%
6%
It
Ask.
Bid.
§
rel).
5
7% Ani;. 31
S-l-'i Apr. 28
July 31230 Feb. S
July 31
0% Sept. IS
Aui;. 11
U
div.
Ex
rights.
Bid.
Bonds.
Pcnna. Consoi.
58, r
90
1913,
4% g
Canal, 78. -.1906,
1939,
ConsoL5s
Coliat. Tr.
Pa.
'aiIt.
1919, Var
J&D
J&D
A&O
81%' Perkiomen, 1st sor.,5s.l91S, Q-J
63% Pnila.cfe Erie gen. M. 5g.,1920, A&O
1920. A&O
Gen. mort., 4 g
Phila & Read, new 4 g., 1958. J&J
338'
15%
&N.Y.
104
121
110 i
I
Ist pref. income. 5 g, 195S, Feb 1
2d pref. income, 5 g, 1958, Feb. 1
3d pref. income, 5 g, 195S, Feb. 1
1893, A&O
2d, 78
1911. J&D
Consoi. mort. 7b
1911, J&D
Consoi. mort. 6 g
I
l(i3
109
97
100
-0% 80%
68%
6^1
49% 49%
36% 36%
101
..•••
'
127%
115
ImprovemcntM.6g., 1897,A&0 102%'
Con.M.,5 g..8tampcd,192-',M&N 102
PhiL Wilm. & Bait., 48.1917, A&O
Pitts. C.& St. L., 7s. ...1900, F&A 115
50
Po'keepsic Bridge, 6 g. 1936, F&A
Sehuyl.R.E.Side.l.stog.lO:!.-).
J&O
A&O
Steubeu.&Ind.,lstm.,58.19l l.J&J
1
102%
1
63
1107
'
104
103
.•.•
IH^il.
UultedN. J.,6g
Warren & Frank., l8t,78,lH9«,F&A 107% 109
Bonds,— Baltimore, _.,
Atlanta &CharL, lst78, 1907, JtJ'
lOtHI, A&O
Income 68
08 100
Baltimore & Ohio4g., 193.^, A&O
93
aAO
AAO
4
4ll
Feb. S
l(Hl% B«pt.2S
7.' '- Sept. 31
51
Jan. 9
7% Sept. 19
Jan.
Mar.
58% Jan. 17 935« Sept. 21
426 84% Mar. 11 07% Sept. 22
192,173 Aug. «7 220 Jan.
2,691 39% Jan. 21 50 Sept. 2
4601 13% Jan. 2 20 Sept. 2
Mar. 81
23 240 July 31
40% Jan. 27 6J% Sept. 1
413 42 AuK. 1 49 Jan. 14
46 43% Au(f. 12 511% Mar. 81
18 20
15 Mar. 30 24 Jan. 9
4939 49%
335 44% July 31 5"1 Sept. 22
50
41 47% July 30 53 May 8
"19% 10% 19,465 11% June 23 21ij Oct. B
49% 4939 3,019 x38i4 Aug. 6 52% Sept. 31
26
3:^6 24% Aug. 11 26% Sept. 21
26%
18% 18% 7,050(15=8 July 31 243e Apr. 28
Louis. ,Ev.iSiSt.L.,lst,6g.l926,AAO §107
1936,
5
2m., 2—6 g
1925,
101
Mar. H. & Out., 6s
{
1923, J&Dfl. ... 101
Exten. 6s
Mexican Central, 4 g... 1911, J&J S 71%' 72
I
61
41
6
34% Jan.
76% Mar.
32%
15,8-53
223
223
Pitts.
&
Conn., 5 g...l92-'>,
FAA
Stnten Island, 2d, 5 g. 1U2U, J&J
Bal.&Ohlo S. W., Ist,4%g.l990, J&J
CapeF.&Yad.,Ser.A.,6g.l9lU. J&I)
1916, J&U
Series B., 6 g
1916. J&D
Scries C, 6
_„g
1930, M&.,
Cent. Ohio, 4% g
100%
llHJ
102
103
37
Istconsol. incomes, 3g,noncum. 5 36
102
75% 2d consoi. incomes, 3a, non-cMin.{t 22%* 23%
1905,
7s,
J&J
Ist,
{119%
N.
N.Eng.,
Y.
&
84%;
1905. J&J hll
Charl. CoL&Aug. Ist 78. 1895. J&J ii>5% i06**
Ist mort. 68
101%
1902, F&A M03%
Ga.Car. & Nor. l8t 5 g..l029, J&J 101
2dmort. 68
bo'
1900, J&J 114%
Norih. Cent. 68
16
2d mort., scaled, 58.. .1902, F&A ^ 101
1004,JAJ 117%
6s
Ogden. & L. C.,Con.6a.l920,A&u5 ;t03%
1926. JAJ
1920 J
Series A, 5s
Inc.68
1925, A&O :.:;;:, ioi^i
1902, .MAN J
4%s
Rutland, Ist, 68
21
llOO
Oxf.&Clark.,lnt.gu.,6g.l937,.M&N1898, F&A i?
2d, 5s
99
PIcdm. A Cum. I st, 5 g. l!l 1 1 FA A
onds.— Philadelihia
ly96 J&Jl 109%
Pitts. A Councils. 1st /8.189-*. J&J 113% 114
Ajiegneny V'al.,7 3 Ids. ly!)6,
M&S
1906,
116%
68...
Ist
Mid.,
1919,
M&.V
Virginia
1st
5.^,
103%.
Atlantic
City
g.,
1%
1911 M&s 114%
2d8erie8,6s
Belvldere Del., I8t,6s..l902, J&D! 113 I.
1916, M&.-!
3d Series, 68
1900, FAA' 117 I.
Catawlssa, M.. 78
70
4th Series. 3-4-58.. ...1921. M&.<
C;har. Cln.& Chic.lst 5g, 1947, 0-J
28
1926. M&S 1(H>% 102%
117%' 5th Series, 6s
6% (^leartteld&Jeff.,l8t,6s.l927,J.fcJ t
1900-04, MAH]
We«t Va. CAP. 1st, 6 g.liU 1. J&J 106 106%
16% Conuecting. Os
g.lilll,
JAJ
6
ConsoL
V.C.
iRt,
78.1905,
125
West*:.
Br'k,
FAA
Del.
&
B'd
13%
Wilm. Col. A Aug.. 6«.. 1910, JAD
17
Easton&Ain. l8t.M.,59.1920,MAN, 108
I
I
I
'
1
1
20%
I
.
,
I
:
.
l»a
14
15%
13%
**
^
\
'•
'
1
1
,
'
5
51
23%
39%
l'«»% Keh.
20(1% Feb. IS
211% Jan. 19
July
151 43% Mar.
If
1,146 45% Juno
51%
5 120 Aiiir. 18 141!
120,787 17% July 31' 2.'i
6,140 31 July 31 '.42%
16 04 JiilT 31 116%
41% 41%
41% 41%
222%
-III
ICnliated.
25%
•
16% July
Mar.
100 17 Mar.
254 69% Auc.
18 Mar.
27 65 July
225 17% Jan.
75
•68
6!
6% Elmir.&Wilm.,lst,69.19ip, J4J.I
25 25c.
Uaut. ABrMTop,Cou.58.'95,AAO: 100%
1914, O-J 106
100 78 "so" Lehigh Nav. 4%a
>
Mining
"
1897,JAD 110%
25
14
2d08,gold
16%
'i
U iruar. 4. {Phila.). 100
4%s,g.
1924, (J— F
90%
mort.
General
80
I'reli 111 .1 guar. 10
'•
100 195
Lehigh Valley, 1st 68.. .1898. JaD 111
Osceola MininK
37" 2d <e
{Boston). 25
1910,M&8 132%
36
Pewalile Mining
1923. JAD, 125
25
Conaol.6
Pullman Palar-e Car.I
118
100 100% 193
North Punn. Ist, 78.... 1896, MAN'
§tiiucy Mininif
25
1903, JAJj 12«
Gen. M.7»
aumraek .Mlniuir...'
25 172 175
Penn«ylvaniagen. 68, r..l910, Varll27
Thonm'nKloi'.W'- "•"•^
1(H)
1!K)5. Van 122
Consnl. 6s. e
lliirim
I'
10
10,246
10,900
20
J»n.
9
1«
28%
75%
2859
26I4
L.Rock&Ft.S..l8t,7s..l905,J&J
4%
100
25
'•
Allaiitic -Minlnit
25
Citv I'a--. iiu'erRR... {Bull.). 25
Bay stall- (ias
{Buslon). 50
••
Boston Land
10
Centennial Mining...
"
101
Fort Way ne Kleetrlclt
"
25'
1041a 106
28%
MAN
81
75
50
83
60 t 59
•'
50
(Ba«.). 50
11
"
lOO 107
"
100
{Boston).
105
71
•25
•47
'
I
(PAi/a.).
.Mis(;i:r.LJU«EOt;».
Allonez Mining
26
75
85
Chic. Burl.& Quiney 4s. .1922, F&A
1919,
Iowa Division 4s
j 89
91
Chlc.&W.Mich. gen. 58, 1921, J&D {
Consoi. of Vermont, .58.1913, J&J
68%
Current River, 1st, 58. .1927, A&O
Det. Lans.&Nor'nM.79.1907,J&J 5105%
Eastern Ist mort. g.. 1906, MiStS 121
B ree.Elk. &M. v., 1st, 63.1933, AiSiO 1121
Unstamped Ist, 69 .... 1933, A&O {tllO
05
K.C. C.& Spring., Ist.og., 1925,A&0
100
K. 0. F. 8. & M. con. Us, 1928,
v„
K.C. Mem. & Blr.,lst,58,1927, M&S , 66
K.C. St. Jo. &C. B., 7s.. 1907', JAJ «117%
67
'•
Wiscon.sin Central... (Bosfoii). 1(H)
"
Preferred
looi
Woie'st.Naslif&iSooh.
"
lOOi
78
172% June
1
7%
75
A&O
•'
il
We.-it .h-r-ey
75U
At.Top.&S.F.100-yr.4g.,1989, J&J
100-vear income 5 g., 1989.8ept.
Burl. & Mo. River Exempt 68, JiSiJ
1918, J*J
Non-exempt 6s
1910, JAJ 5
Plain 48
Ohio. Burl. & Nor. l»t 5,1926, A&O 5100
1918, J<fcD ^100%
2d mort. 68
99 100
1896, J&D
Debenture 68
58
lOOl
{Boston) 50;
i;i).i
I'rit'.rn
{Bait.)
75
Tbom.Europ.E.Weldll {Boston) 100
"
1001
Water Power
"
50|
Westing. El. tr. rec.H
Bonds.— Boston.— „ ^^,,
9%
100;
.V Kiiancikel
I'i.lrlTCd
,
20
B
Mar.
Jan.
Jan.
Jan.
70 157
49
Inactive stocks.
(
.
481a
25% •25% 25% •25
47 47% •47
51
50% 5
50% 61
50%
124
1231a 1241a 123% 124%
23
23%
23% 23% 23% 2338
'4
40
39
39% 39% 39% 30%
20
50
)
i
20-.
100
Ask.;
Pennsylvania «fc N. W. {ph ila. 50
Baleigb i Gaston
Ball. )100
Eutland
{Boston) 100
l-t
ai
81
85
127
113
97 192
081
70
63% June 17 71 Aui;. 31
28% 29% 261101 20% July 30 30% .Sept. 21
7508
75
76% 29,310 58% July 811 7^% -Sept. 21
75% 75
166 168
165% 168
163 163
162% 163
164 102 July 29 168% Apr. 38
54% 54% 5138 54% 5l»8 64% ^3,389 49S9 May 19i 5.1% Oct. B
541a 54%
34 14 35
35
35
35
31% 34% 35
2,327 24 Julv 30' 35 Sept. 21
2033 20% 203i« 20%
20ifl 20i3i
20% 2038 45,724 I2i5if AUK. 4 21ii|. Sept.2
491a
20"4
50
50'
.
7514
261a
801a
261*
471a
20
20
50
(IKilt. )
104
133
IIM
7,976
Law.. {Bosinn) lOOl
MarylaiKi Central
Hl«beel.
47 -k. Hept.
it's Aoc.
101 Oct.
131 Apr.
119 Apr.
90
90
9058
89
8938
88% 89% 88% 88% 83% 89%
95 96
95I8
95
96
96
961a 961a
961a
1841a 184 •< 183% 184% 181 183%
1821s 1811a 182 la 1811a 185
46 14 4lii4
4714
45
47
45% 45% 45
45%
47
471,
17
I714 17%
17% 17% 17
18>4
181a 1818 •17% 19'4
260 265
265 205
265 265
265 265
269
269
"60
•58
63
63
65
bo" 65
65
45 46
•45 la 46
46
48
45% 45% 45% 46
46
40 47%
45% 46
45% 45% 45% 46
45 k *46
47
100'
.
Lowest.
24% Mar.
540
4% June
100,787
1,290
100
"
2338
39'^
41% 43 14
Har.Port.s.Mt..loyA-L.
50| ....
Kan. C'y Ft. 8. & Mem. {Boston) .100
{PhiUi.)
481a
2231a 2231a 22258 223i« 223 223
•919
914
939
914
939
914
Zonnectieut & Pass. {Boston) .100
Connecticut River...
"
100 219
Delaware A Bomid Br.(P/iilo.) .100 150
Little tielMiylkill
•251a
4713
104
9.
"
•5»8
6«9
103% 103
44%
6%
'
79
51
124
Atlanta & Charlotte (B<7;(.).100'
90
Boston & Proviileuce (7i(«Mii).100 250%-,
"~
Camden JcAtautic pf. (i'/i(7a.) 50
25"
30
Bt
74J8
a»g
103
44
Shares.
9%
Bid.
Inactive .Stocks,
8.
oak
5II4
51
1231a 1241a
23i)a 211a
4014 40%
26I4
Preferred
"
•26
2.5
2tJi4
"
I8I4
West B^id Land..
13
181a
* Bid and aslred prices; no sale wag
mi le.
Mine UilUfc
•37
44 14 4S
5%
103
131
Id 1891.
Week,
Friday,
Oct. ».
».
'
•25 «
71
49 14 50
Thomson-II'n
&
*18ia
Oct.
131
130
'117
117
....
203 14 wi" 26314 20314 203% 203% 203%
177
176 177
176 177
177
175
!73
172 175
175
176
19
18% 10%
191a •IHk lek •18
•37
•37
39
•36% 39
39
39
08% 97% 98»« 97% 9838 98
98%
74% 74
74% 74% 74»(, 74% 74%
75
"2!)ia
•
Manchester
174%
5%
100
RsDRe of Mies
of the
Thursday,
7.
23%
>4
88i«
Am.Sun'rHefln.lK Bosto»t>
Prefi'rnii
"
95
'
Bell Teleuhooe ..
100 182
Boet. A Montana
"
25 •47
"
I8I4
BntteABostou..
25
Oalumot & Uecla
"
25 2U9
Canton Co
(BaU.).\00
'•
OonsoliilatedGas
100 4579
Erie Telpplioue (BosUm).l(M *45
Ijanison storeSer.
"
50
lehl'UCoal&Nav ThU./ 50 4914
K.EiiK. Telephone cBwCrtJlOO
K.C'yFt. !<.&Gulfpf.
K. City Mem. & Birm.
ei«
49
78
51
niscellanenns Stocks.
{Ball.)
44ia 4S>fl
20314
175
7509
76
'•
Union PaiiHc
100 41% 43
UnltedCos.ofN.J.rPAi/o.>loO 2221a
*9i8
"9^
WesteruN.Y.AParPA«a.;.100
\.entral Ohio
Charl. Col. & Augusta
453^
102
131
37
37
99 >4 100
7519
*47ia
OW
Catawl.ssa
Ist preferred
f 2U preferred
44»8
'
191a
29ig 3OH1
2d'8
"
Prifnrriil
100 7609 771a 76»9 77%
Coloiiv
(Boston).\Wi I6CI4 I6614 10«ia leijia
Peniisvlvania.. (Phila.). 50
54% 5519
511a 544i
Pliihiiltl. it Erie.
"
34
50 34
341a 34%
"
Pbila.AKeadinjf
50 2014 20^ 2013,, 213,.
Sammit Urancli CBo<ton;. BO
61a
6>a
Uortliprn PaolUcrP/it/n.^.lOO
Prices of Oct,
Oct.
'
"
Marq.
0.
*6>«
7
23 ki 24
100 *2S
"
Prpfcrr.il
100
Hunt. & Hi-. Toi). (Phila ). 50
"
PreteiTfil
&0 47'8
"
Irfliiifli Valley
50 51
Maine Central (Boston).lOO
"
Mexieaii lentral
100 23
"
100 3»ia
K. Y >v .N. Kug.
"
Pi.r.ir.d....
100 103
Nortiicrn Cuntral r7?nW.>. 50
Fl.
102
131
118
203
'
Wednosdny,
Oct
•41,
102
"
iHHif.ired
Tuesday,
Out.
Baltiimiri' .\: Ohio (nall.J.lOO
'•
100
l«t pnf. rr<Ml
2il
Monday,
Saturday,
1 IxUcutca uulUted
Atoll. T.
618
Atd aoorued Interest.
iLMtprioe
this
week.
I
I
,
m8CKLL.iSBO09.
Baltimore—t1tyUall6«. 1900, Q—
1900, (J^I
Fundlug6s
West .Uaryl'd KR. 6«.. 1902, J.U
1916, .MAN
Water Ss
1916, MAN
1930. JAJ
Virginia (State) 3«. new. 1932, JAJ
1900, J&D
Chesapeake Gas, Oe
Fundlng6s
Exchange 8%»
136
ioi"
Hl% 66
107
1910,JAD 112
ConsoI.Ow,6s
58
Equitable Gas.
I
(I«
1913,
loa
113
98%
A Ai.) 106106%
.^".•?;'-.
^•'
9-<
THE CHRONICLE
614
NEW
KX.CHA.SHE PKl'ce!^ (Contlaaed).-AariTS B0>fD3 OCT.
srilCIt
VOitK
Vtos'tie
JUILEOAD
BONDS. MJer-Wl iVi«
X1.D M.BCEL.
82>4
At.Top.&8.F.-100-yr.,4g.l989 J A J 63*1
l»o» Sept.
100-year income, og
ll^ll
68.1910
AU. A Pac— W.U. inc.,
A J 7314
Giiarauteed. 4 fr
, «n i JA A
110 b,
O
Brookl'uElevafellst,6,g.l924
J A JilOoiib,
Can. South.— iBt guar., 5b 1908 M A SI 9716
laid
ad 5g
Q—J 114 b.
Oeiilralof N. J.-Con8.,78.189w
n!i19 b.
Consol., 78
;----JS22
A J1109«i
Oeoeral mortgage, 5 g.-ly?' JQ— M 108i«b.
Leli.&W.B.,con.,7a,aB'd.l900
191^ M A N 92 b.
do. mortgage, 58
b.
Dock & Imp 58. ... 102 J A J 108
•
MA
Am.
,
A
J
Central Pacitlc— Gold,68..1898
A
Ches. & Ohio— Mort.. 6 g--}Jl
l8toon8ol.,5 g
;,-v"}..Qo
B.&A.l)lv.,l8teon.,2-4g.l989
do iidcon..4g...l989
F
Ches. O. & So. W.-6 g. . . 191
J
Chic. Burl. & Q.— Cou.,7b.19W
A
J 109
0I112
b.
b.
MAN
lOl^s
A J 013
(sales) in 1891.
Range
Lowest.
9
Period.' Oct.
• •
821s Sept.
94111
66%
16
75 Jan.
1121s June
10714 Feb.
100 Feb.
118
123
Mar.
Mar.
lll^sMay
113
99
Jan.
May
1081s Jan.
112% Mar.
117% Mar.
May 102
Sept.
.
/
(
.
1
MAN
MAN
MAN
MAN
Olds' ng
Bailsoaj) and Miscel. bonds. hUer'st, Price
;
1
.
1
93% Oct.
&G.— Con., 5g.l956 MAN 953j
Knoxville & Ohio, 6 g...l925 J A J 103 a. 102 July
80 Oct.
Eliz. Lex. & Big San.— 6 g.190-2 M A 8; 80
93 Aug.
Ft W. & Uenv. City— 6g..l921 J A DlOO'a
Gal. H.&San An.-W.Div.l8t,5 g. M A N 94isb. 911s July
Han. &8t. Jos.— Cons., 68.1911 M A S*112 b. 110 Mar.
1952 A A O 93 b. 93% May
miDois Central— 4g
. . .
E.Tenn.V
MAN 116
MAS
75
1938 J A D 86
InU&Gt. No.— 1st,
Coupon, 6
g.,
6 g.... 19 19
trust reo..l909
—
1)7
Mar.
110
Sept.
Mar.
801s Aug.
78 July
76
87
Jan.
I
.
IAD
D
MA
MAN
MAN
Mll.LakeSh.&W.- l8t,6g.l921
120 b.
Exteu. & Imp., 5 g
1929 F A A 99»sb.
M. K. AT.— Ist 48, g
199(. J A D 77 «
2d 48,g
1990 F A A 44
^'"B— "b"
117
97
74%
36
108
MAN
103
MAN lU>«b.
105
A A 97
con., 6 g. 1920
8d,7s
1906
Pao. of Mo.— Ist, ex., 4 g. 1938 F
2d extended 58
1938 J
Mobile A Ohio— New, 6 g.. 192 J
General mortgage, 48... 1938 M
Sash. Ch. A St.L.- Ist, 7s. 1913 J
Oon.,5 g
1928 A
b.
A J 102'sb.
A D 114
66
A
A J124%b.
A O 10314b.
Indicates price bid;
"a"
117
May
8578 Mar.
Sept.
Apr.
Jan.
1 151a June
108
Apr.
1241s Apr.
108 Feb.
June 127 Apr
A
Mo. Pacific- Ist,
May
821s Jan,
97 Oct. 100 la May
77»9a. 711a Juue
821s Jan.
10714
105 Aug. I097e Jau.
119 b. 1 171s Sept. 122% Jan.
120 lab. 118 Juno 124 Jan.
113 b. 110%.)an. 1 10 Sept.
90
88 June 921s Jan.
110 b, 110 Sept. 115=8 Mar.
116 b 1)3% J uK 118 Feb.
188 b, 105% Aug. 112 Juno
113%b. 111 june U314 Apr.
19 19 Q-F
Ijake Erie & West.— 5 g
1 937
A J
L. Shore— Con. cp., 1 st, 7s 1900 J A J
Consol. coup., -^d, 78
1903 J A 1)
Long Isl'd— 1st, con., 5 g.. 1931 Q-J
General mortgage, 4 g..l938
Louis. & Nash.—Cons., 78.1898 A A O
N.O. A Mob. 1st, 6 g
1 930 J
A J
do.
2d, 6g
A J
1930
E. H. & N. 1st, 6g
1919
A
General, 6g
1930
A D ll^iiab. 1 12 July
Uulfled, 4g
79% 76''e Aug.
1940
A
Louis. N.A. & Ch.— Ist, 6s. 1910 J
106 Hib. 101 Mar.
Consol., 6 g..
1916 A A
84 Mar.
92'K
liouis. 8t L. &Texas—€g. 1917 F A
SI'S
65 Aug.
Metro. Elevated— Ist, 6 g. 1908 J A
113
nil's Jan.
2d, 68
10638
1899
103 June
Mich. Cent.— l8t,con., 78. .1901! .tf A
120»8b. 118 June
Consol., ,58..
1902
lOSHiB. 107
Mar.
Laclede Gas— Ist, 5 g
Jan.
10918 Apr.
95 Jan.
105 Jan.
961s Sept,
117 Jan.
10912 July
68
lowaCentral— l8t, 5g
Kentioky Central 4g
1987 J A J 80
Kiug8Co. El.— 1st, 5 g....l925 J A J '98
104
91
112
98
88
Aug. lOlTeJan.
Jan.
79 ig Feb.
July
48 Sept.
May 111 Mar.
July 116 Apr.
June 100
991s Jan.
112 Jan.
62 July
121 July
1021s Oot.
Jan.
i035e June
1171s Apr.
70 Feb.
1271s June
107 ifl .May
AN
102
123
b.
Ranne
I
N. Y. A Harlem— 78, reg...
N. Y. Chic. A St. L.— 4 g...l937 A
....1906 J
N. Y. Elevated— 7s
N.Y. Lack. A W.— 1st, 68.. 1921 J
1923 F
Construction, 58
Aak.
ilailro.id
89
J lllisb. 109
J 12111 b. 125
A *109 a. 108
8 133
1321a
D ]04%h. 103
0115 b. 115
A
MAS
1939 J A Di 97
Consol.
5g
J
A J 100%
N Y..sus.AW.-lstref.,5g.l937
0*112
1910
Ist,
I
Midland of N.
6 g....
Norf. A W.— 100-year, 5 g.l990
Noi-th.Pac- l8t,coup.,6g.l921
General, 2d, coup., 6 g..l933
General, 3d, coup., 6 g..l937
1989
Consol. mort., 5 g
Chic. A N. P.— St, 5 g .1940
North. Pac. & Mon.— 6 g. . . 193
North. Pac. Ter. Co.— 6 g.. 1933
Ohio A .Mias.— Cons. 8.f.,7s 1 898
1898
Consol., 7s
Ohio Southern— 1st. 6 g...l921
1921
General mort., 4 g
J.,
.
I
.
Omaha A
St.
Louis— 1 g
Oregon Imp. Co.— lat,
(>
. .
1937
g. 1910
1939
Consol., 5 g..
Ore.R.ANav Co.— Ist,6g.l909
1925
Consol.. 5 g
1921
Pa. Co.— 41a g., coupon
Peo. Dec. & Evansv.— 6 g. 1920
6g....l920
Evansville Div
1926
2d mort., 5 k
Peoria A East.— Cona., 4a. 1940
1990
Income, 43
Phila. A Read.— Gen., 4 g. 1958
.
,
A
b.
b.
AA
J A D 10-(i4b.
J A D 82%
A & O 79%
M A S lOlia
J A J 10719
J A J 109%b.
J A J 109%o.
J A D *106 b.
MAN;
59%
51
100
J
b.
A D 63I3 b.
A Ol
A J|lo7
AD 86isb.
A J 105
A J. 106 b.
M A S I01'4b
a.
>< A Ni 74
A A Oi 79<s
2714
April.
J A J 80=8
671s
lat pref. income. 5g
pref. income, 5 g
1958 Feb.
1958 Feb.
1958 Feb.
i)rcf. iucome, 5 g
Pittsburg & Western— 4 g.l917 J A Jl
Rich ADauv.— Con.. 6g..l915 J A J
1936 A A O
Consol. ,5g
49 Is
123
9518
July
July 1 15
July 132
Prices.)
Alabama Mid. -lat g., 68 ....1928
Atlaatlc A Uan<.— Iscg., 63. .1917
79
87
J
-20
115
98
Sept.
Oct.
Feb.
Sept.
90
94
June
J
I0119 Aug.
Ill's
May
116
Sept
Juue 10012 Feb.
11718
II414
3 >4
So^a
8414
J.n.
May
July
761a July
761s July
101 Sept.
104 July
IO8I4 July
107 July
101 Is July
55 J u.
50 Ju e
lOtiis
90
Jan.
58
July
1
1
09
110
112
112
110
63
"
Apr.
Mar.
Feb.
Jan.
Mar.
Feb.
Mar.
Feb.
May
Mar.
Feb.
5819 Jan.
I0319 Feb.
74
Feb.
IO514 Sept. 110
May
Aug. 100% Mar.
85
102
100
95
66
73
July
J^u.
J <n.
Jan.
106
Jan.
10919
May
103
Feb.
74''e Apr.
June 81% Sept
291* Sept
16 June
741s Aug.
471s Mar.
32 Mar.
82
Feb.
69%
Sept.
8ept.
51
1
MAS
MAN
I
1
I
MAN
MAN
MAN
1
MA
MAN
I
U
MA
1
C—
MAN
MAN
MAN
1
1
1
MAN
MAN
MAN
MAN
M
'
n
.ictual salaioaly.
Bid.
*
Lite5t
prices
tiiiwjoi.
•eoiMOhio Eeor.— lat, 4iia.l930 100
803t H. Tun. 4 W.-Deb. 58.1913
9S
^^ooklyn Elevated— 2d, 3-58.1915
87
Burl. Ced.
.Vlinn.
102
100
89
94
9.
Atk.
SECURITIES.
Ask.
AU. 4 Pac— 2d W. D., gu. 68,. 1907
11614
B«lt * Ohio— Isl, 68, Park B. 1 919 .13
Jo
116
ConsoLldat'dl8t68.1922 114
te, gold
1 925
ide'
98I4 99
•lurl Ced. Rap. A Xo.—
53.1906
1st
1988 •ids"
_ Oon». mort, gol 1. 6»
"nninl. *<"ollnt. fr,i«t, i»...T)?l
90
00
«o (triue muay i.iios<- «r.^ me laiest ^uotatino* made this week.
.
1
Mar.
25 14 Mar. 39% Sept
361s
78 b. 751s Jan.
81
Feb.
109 b. IO719 Sept! 118 Jan.
7719b. 78
Aug. 91 Is Jan.
Rich.AVV.P.rer.-TrHst,6g.l89 F A A 87 a. 82 Sept 100 Is .Tan
54 b. 51 Sipt 7.i Feb.
Con Ist AooI.trust,5g. 1914
73 14 Aug. 77% Feb.
RioG. Western— 1st. 1 g..l93y J A J -6I4
Mar.
J I.,. 114
Ik. W. a Ogd.— Con., 58... .192-; A AO* 108 lab. 105
9219 Jan.
87 a. 82% Mar.
St. Jo. A Gr. Island— 6 g.. 1925
•0% Mar.
JU'ie
St. L. Alt. A T. H.— 1st, 7s.l8v) J A J *110 b. 108
1894 F & A lOlMb. 101 Aug. 107 Jan.
2d pref., 7a
Jan.
St. L. A IronMt— Iat7s...l892 F A A 10114b. 100 Is vug. 105
107 b. lOlisMav 108% Apr.
1897
2d,7g
Cairo Ark. A Texas, 7 g .. 1897 J A D 10614b. 10319 July 107i4May
93% Jan.
Gen. E'y Alandgr.,5g..l931 A A O 85%b. 31 May
Ill u. 108 June
2 "9 Apr.
St.L. ASan Fr.- 6 g.,Cl. A. 19' lU
Ill b. 1061s June 1131s Apr.
1906
6 g.,ClasaB
Ill
b
Apr.
N
1
14
1906
107
Juno
Cl.ass
C
6 g.,
A J 105 b 103 July 110 Jan.
1931
General mort., 6g
7OI4
08%
Sept
West.—
1st,
4s,
g..
1989
July
80.
St.
651s
I98.t J A J 29 %b. 25
Aug 32 Is Sept
2d, 4s, g..innome
116
b
Jan.
US
M.AM.—
Oak.
Ex.,
1910
May
6 g.
114
S.P.
A 11419b. 111 July 117 Feb.
lstcousol.,6g
1933
A
98%
reduced
to 41a g.do
97 July 1021s Feb.
83 b. 80
8719 May
MontanaExteuaion, 4 g.l937
61
Aran.
lst,6g.l9lo
P.—
6 lis Aug. 74 Feb.
San A.&
73i8Feb.
61
1926
61 Oot
lat,6 g
97
3eattleL.8.AE.—lat,gu. 6.1931
95 Aug. 103 Mar.
106 b. 102 Aug. 107 Feb.
So.Car.— iBt, 6 g.,ex coup. 1920
2412a. 13
29 Sept
1931
Jan.
Inoome,69
1909-10 J A J lOliab. 100 Sept 103% May
So. Pao., Ariz. -6 g
lab.
O
4 Mar.
109
1
09 19 Apr.
So. Paoitto, Cal.— 6 g.... 1905-12 A A
1938 A A O 97'sb. 9719 Oct 101% Mar.
Ist, consol., gold, 5 g
102
104
Apr.
1911 J A J
101
July
80. Paoilc, N. M.— 6g
94 Jan.
Tenn. C. £. A Rv.—Ten. D., 1st, Og A & O 85 lab. 82 Aug.
96I9
Jan.
Birm.Div., 6g
1917 J A J 891s
84 Aug.
2000 J A D 831s
83 Aug. 901s Apr.
Tex. A Pao.— 1st, 5 g
2000 .March. 32is
2d, income, 5 g
27 Aug. 3.5 14 Jan.
A N 91 a. 92 Aug. 99 Is Feb.
1921
Tol. A. A. A N. M.-6g
A J 104 b. 103 July 108 Apr.
Tol.A.A. AGr.Tr.— 6g....l921
A J 104 b, 10219 Julv 1071s Jan.
1935
Pol. A Ohio Cent.— 5 g
A J 75 b. 71 19 July 77 Jan.
1917
Tol. Peo. A West.— 4 g
91 JatL
A D 86I2
6 g.. 1916
79 July
Tol. St. L. A Kan.
& J llOisb. 110 Sopt lUisMar.
1899
Union Pacitlc— 6 g
1 1 % Feb.
1893 M & S 105 b. 105 Sept
Sinking fuud. 88
74 Apr.
7219a. 69
lOlff
Feb.
Collat. tnut 413
Kansas PaclUo— let, 6 g..l895 F A A 105 14 b. 104% Aug. 1 1 Jan.
l8t,6 g
1896 J A D 107 h. 107 July 109% May
lOSisb. 100
Denver Div.—6 g
1899
Sept 111 "4 Mar.
10714
l8tcon»ol.,6 g
1919
105 Aug. nils Apr.
Oregon Short Liue— 6 g..l92J F A A 100 1,0. 9 5% Aug. 06 19 Jan.
Or.S.L. AUt'hN.— C0U.5 g.l91i> A A O 72 b. 66
Aug. 80% Feb.
82 Jaiu
U.P.Den.A Gulf eon. 5 g.l939 J A D 73
64 Aug
1937
112
Union Elevated— 6 g
106 Jan. 1 12 Oct
80is
891s Feb.
Virginia Mid.—Gen. m.,53, 1936
78 July
90 Feb.
SOijb. 83
stamped guar.
Jan.
do
96 19 Mny 102 Feb.
1939
lOlis
Wabash— Ist, 5 g
80 Aug.
1939 F A A 77iS8b. 70 Feb.
2d mortgage, 5 g
5114 Sept,
1939 J A J 471s
Debeni. M., series B
27
y
2361
A 101 !« 991s July 103 Jan.
West Shore— Guar.. 4s
A
98 b. 96 Jan. 101 Feb.
West. N. Y. A Pa.— 1st, 5 g. 1937
1937
A
33 b. 27 July 3 tils Sept
2d mort.. 3g., 58C
99''8
A
West. Un. Tel.—Col. tr., 5s. 1938
98 Jan. 100% Apr.
97 Jan.
1937
A
Wis. Cent. Co.— Ist, 5 g
93',b. 88
July
1937
Income, 5 g
43 a. 28 July 47 Sept.
Roch. A Pitts.— Gen., 58.1937
Roch. A Pitta.- 1st 63
1921
1
Apr.
Jan.
i
A
iutl.
Mar.
Sept.
Feb. lo9% June
Oct. 137% Feb.
June 107 "s Apr.
June IO6I4
91
88
J ns's
113
Oil09%l). 109
J{
J
2d
3d
O. S. W., 1st g., 4198.. .1990
Mon. RIv., 1st g., g. 5s
1919
Bonds.
IBuxk Ezehange
10314 Mar.
I2714 Apr.
110 Jan.
14
A O 92%
1891
BighetU
100% May
b.
lab.
N.Y.I..E.&W.-l8t,con.,7g.l920 M A
1893 J <
Long Dock. 7a
1935 A
Consol., 6 g
96
1969 J A Dl05i«
2dcoU80l.,6 g
llOi-jb. 110
g..l914
N. Y. Ont. A W.— lat, 6
SECURITIES.
B.
IS91.
Lowest.
I
price atlccil; the Rin,'ei3 .niie up fro
Bid.
I,
(sales) in
NEW YORK STOCK EXCHANGE PRlCEH-{ConUnwi).-INACTIVE BONDS-OCTOBER
BECUKITIES.
Llll.
I2314 Aug.
A J
103
104 Sept.
MAS
1900 M A N llOisb. USis May
1903 J
coupon, 78
Deben..5s, coup., 1884.. 1904
1st,
.
MA
M
NY. Central— Extend., 5s. 1893
AC—
MA
9
Period.] Oct.
Sept.
Sept.
\v..».
AND SINGE JAX
9,
Highest.
I
Mar.
3S39 Mar.
9 '8 July
69 July
lOS^e Apr.
10213 July
9519 Jan.
115 Jan.
120 May
107 Jan.
108 July
92 Aug.
105i« July
10738 Aug.
llOMi JiUy
75
711a Feb.
651a July
A J 69 b. 64 July 73 Feb.
& A •102 b. 102 Ki Aug. 114 June
A J 121Hb. 17i« July 123 Jan.
IOOI3
95% Aug. IO219 Apr.
DebeBture,58
,,\,
Jan.
Sept. 95
19.i2 F A A Seigb. 86
Deuver Divi8lOT),48
84
b.
30 July 88% Jan.
192
48.
Nebracka Exteuaion.
11558
Apr.
June
b.
108=8
D
114
Chic. & E. 111.— l8t,S.f.,6B.1907 J A
1»34 A A O 12oisa. I19I3 Apr. 121 Jan.
Consol., 6g
100
Apr.
9714
Jan.
95
General consol. Ist, 58. 193
93 14 Sept.
9458b. 81
Apr.
Chicago & Erie— I8t, 4-5 g. 1982
4ii4
0ct.
42-4
26
une
J
1982 Oct'b'r
Income, 58
I8t,5g.l937 J .A J 84 a. 8. 119 Aug. 921a Apr.
Chic. Gae U
A J I24i«b. 120 Jan. 1251a Feb.
Chic. Mil. &8t,P.—Con. 78. 1905
A J* 110i«b. lOSis Aug. I1214 Apr.
iBt, Southwest Div., 68.1909
A J 11314b. 1 10 Jan. 114 Feb.
lBt,8o. Mln. l)i\., 68....1910
& J 10514b. 104 Jan. 107% May
58.1921
W.DlT
,
let.Ch.&Puo
A J 97 b. 94 Aug. 98 Jaij.
CUic. &Mo.Rlv.DiT., 5.1.192G
A J 10258 100% July 104 July
g..l9'21
5
Div.,
Wis. & Minn.
A J 10319 100 Mar. 1031a Apr.
1914
Terminals g
8II9 July
87 Feb.
b.
>I4
A
1989
A...
series
Gen. M., 4 g.,
A D 109 b. 107 !« Jan. 112 Feb.
Wllw.A- North.— M.L.,6s. 1910
112
Apr.
107
b.
Jan.
.1
DllOO
A
1913
l9t, con.,68
I31I3 Aug. 139% Apr.
Q— F 1135
Chic. & N.W.—Consol., 78. 19 1
121
127%
Feb.
Dll23isb.
June
J
A
1902
gold,
7s
Coupon,
112 0. 111 July 115 Feb.
1929 A A
Sinking fund, 68
109
Sept.
105
Jan.
OilOo
A
A
1929
58
fund,
Sinking
Feu
1021,1 July 109
NllOo
Blnkliig fund deben.,58.193:i
N 105 a 102 July 105% Apr.
1909
25-year debenture, 5
100
Oct.
Jan.
93
1926 F A A 95
Extension, 48
921a July lOOia Jan.
Chic. Peo. ife St. Louis— 5 g. 1 928 M A H 9i
J A .J 120'«1). 1181a July I2714 Feb.
Chic. R.l. & Pac—6s, coup. 19 17 ,T
95 14 Mar. loo's Aug.
Extension «nd col., 58. .. 1934 JJ A .1 99%
May
lOO-jb. 100 Feb. 103
A A
Chic. 8t.L.&Pitt.-Con.,.5g.l93Z \
J A l> 118 b. II314 June 19 Jan.
Chic. St. P. M. &0.—68....1930 .7
86I9
Apr.
911a May
Cleveland & Canton— 5 g. 19 17 JJ A J 88
Oct. 132 Fob.
C. C. C. & 1.— Consol., 7 g.l914 J A D 128 b. 28
July
121
113
Mar.
A J
1934
General consol., 6 g
b.
OSiaOct. 106 Jan.
A A 99
1900
Col. Coal & Iron— 6 g
A A 70I4 62 Apr. 711s Sept.
Col. Midland- Con., 4 g...l940
7812 Aug.
86 Jan.
A 8 87
Ool.U.Val.&Tol.— Con.,5g.l931
80 July 9OI4 Oct.
A D 93
1904
General, 6g
A N *116 b. 114% June II9I9 Feb.
Denver & Rio G.— Ist, 7 g. 1900
A J 78'8 77 Aug. 83 Fob.
1936
ist consol., 4 g
A J 91 a. 91 Jan. 96 19 Feb.
Det.B. City& \lpena—6g.l913
A O 34 b. 291s Jan. 35% Sept.
Det. .Vlac.& M.— L'dgrants. 1911
A O 98 a. 95 Jan. lOOig May
1937
Dul. Alron Range— 5s
A J 96 b. 85 July 99 Feb.
1937
Dul. So. 811. & Atl.— 5 g.
.
I
Iowa
Rap.ANo.— (Contin'li-
A St L.— Ut 7s, gu..l927
909
A West.— Ist, 7»
I. F. A N., Ist, 63. 19 J
C.
.
. . . 1
Ced. Rap.
l8t 53
Sav.A
I'll, of
Woat— lstooii.gtd.5.t. 19
V
10014
<
95
1921
C.Ohio— ;ol. ACIn.M lst,4iss.l93J
!6nt RR. A Bank.— Col. g.5». 1937
Chat.Romo&CoI.— Gtd g.5s.l937
i._o>»iv
i.ii
.!«.
!9
im-i
80
81
73
85
75
OcrroBRR 10
THE OIIRONICLE.
iwBi.J
NEW YORK STOCK EXCH.iNUE eKW1iA.-mA0TIVS
Btd.
SEOCRITISS.
BBCBRrriES.
Ai<k.
615
BOlfDS-fOontintudJ-OCTOBBR
Bid.
9.
BK0URITIK8.
Ask.
Bid,
"
Osntral Pnolflo— Gold bds.Oii,
Ooiaiwndr), «B
Gold l)<)tiil.», ««
Bail Jouinitii Br., 68
Mort. Kiild 5»
Iisnil irnint.
ISOn 106
18»0 107
1907 108
Har. ABan Ant.-lat,6(.1010
Oal. H. A «. A.—
luort., 78. 1908
Went. I>lv., 2d0s
1981
11)00* 101>4
G'l. 80.
10»9
1900
fta, it
"tal.
M
A Nor.— Deb. 69... 1896
Biirllnst. A Q
5a, a. f.. 1901 loo
Otito.
5«.
oonvcrtlble
Iowa
l.JOS
l)iv.—<ilnk. fund, 5a..
8lnkinKrund,4a
1919 1C2
1919 9I>«
Plain. 4s
lOai
Indiana Coal— Ist 5s. 1936
Obi. .Mil. A St, P.— l8t,8s,P.D.1898
2d, 7 3-lOii, P.I)
1898
Ohio
A
lat, 7s,
«
(f.,
R.
D
8m
95
117
77
a<l,
90
109 •«
1951
Memp Dlv., Istg. 4»
A C— 2d Dlv., 7« ..1894
A Minn.— St, 7a.. 1907
118^ Ind. D. A 8pr.— 1st 78. ex. op. 1906
Dub.
8.
Cled. Falls
96
IIS
Ind.
1902 122 << 125
.
loan
10119
111
••
101
60
101
inc.
5,s,
1947
1948
5«
tr streo
Peo.AB.-Ind.B.AW.-l8t,pr.7a.l9<>0
Feona A Pek. Union— lat, 6b 192
l8t,LaCros«e Dtvislon,7a.l893 116^8 U7'4 nter. A Gt. Vor.—Coup. 69...1909
l8t,t.A M.,78
120
Kanawha A Mich.— Mort. Is.lHOO
1897
lat, I. A D., 78
itan. C.Wy.in.AN.W.— 18I..')8.1938
1899 117
l8t,C. A M., 7a
1903 123
U 8h. A M. 80.— C. P.AA.-7a.l892
lat, I. A D. Extension, 7a. ..1908 122>9
Buff. A Er.— New bonds, 7».1898
lat, LaC. ADar.,Sa
Det^ M. AT.-lst, 7s
1906
1919 10- Ss
lat, U. A !>., 7s
Lake Shore— Dlv. bonds. 7a. 1899
1910 118>4 119
lal, a. A D., .Vs
Mahun'g Coal RR. -Isi. 3s. 1934
1910 99
CMcavo A Piicltlo Dlr.,ea..l910 114 1141a Kal. All. A G. R.— Istgu. 5'..1938
Mineral Point Dlv.Sa
102
I*hlghV.,N.Y.— Ittgu.g.4i98.l940
1910
O. 4 U Sup. D\v., 58
104
.Itohf. Car. A West,- lat 6s. g. 1916
19ai
Fargo A South., Us, As8u...l924
1898
Ix)ngl8land— lat, 7a
bo. oonv. sink, fund, 5s
1916
N. Y. A R'way B.— Ist.g. 58.1927
Dakota A Gt, South., 58. ...1916 97>« 99 >s
1927
2dmort^'., Inc
Cblo.AN.W.— .w year deb. Sa, 19.il
Sralthtowu&Pt.Joir.— lst,78 1901
Esoana "a A I.. 8. i»t, 6s.. ..1901 106
txiuls.Evrtns. A at. L.— Con.58. 1939
DesM. A .Miuu.— lst,78....1907
I,oui8. A Naab.— Cecil. Br. 78. 1907
Iowa Midland— Ist, Sa
1920
Fenaaoola Dl vtaiou, 6s
1900 120
Penluaultt— ist, conv.,7a...l898 liO
St. Louis DivUion, lat, 6s.. .1921
Ohio. A .Milwaukee— lat, 7a. 1898' 114
1980
116
2d, 33
Whi. A8t. P.— v!d.78
1907 12219
Naahv. A Dooatur— l8t,7s..l900
Mil. A .Mad.— Ist, 6s
1910
1905 110
8. f.,68.—S. A N. Ala
Ott. C. F. A St. P.-lat, 58.. 1909 1U2
1924
10 40, gold, 63
Northermil.— lat, 5s
1937
102
1910
SOyeiirSs, g
0.R I.AP.-I).M.AF.D..lat4a.l905
76
Pens. A At.- lat, 63, gold. ..1921
lit, 219a
1931
1905
Collat. trust, 58, g
Eitenslon, 4a
1905
Nash. Flor. A 8 l.st gu. 59.,1937
Keokuk A Dea M.— lat, 5d.. 1923 92'9
Lou.N.Alb.ACh.— G6n.m.g.38.1940
Ohlc. St. P A Kan. Clty-58..1936
Lou. N. O. ATei.— 1st, 4s.. -.1934
Minn. A N. W.-lat, g., 58.. 1934
1934
2d mort., 5s
Ohic.St. P. A Minn.— Ist, 63.. .1918 120
Louia. St. L. A Tex.- -'d g, 6a. 1917
St. Paul AS. C.-l8t,68
1990
1919 119
Manhattan Ry.— Cons. la
Ohio. A W. Ind.— Ist, s. f., 63.1919
Memphis A Charl.— 68, gold.. 1924
Geucral mortgage, 68
1 il5
1932 IIII9
lat con. Tonn lien, 7s
Oln Ham. A D.— Ckrn. a. f., a.l905
Mexican National— Ist, g., 68.1927
2d. gold, 4ias
1917
1937
2d, Income, 6a, "A"
Oln. I. St. L.A Chic— lst,g.,48.1936
92I9
1917
2d, Income, 6s, "B"
Conaol 68
1909
1920
Michigan Central—6s
Oln. Jack. A Mac— lat, ft., 5d.l936
1931
Coupon, 5a
CUv. At A Col. -Eq. 4 2d 6a. 1930 92
1940
Mortgage 4s
0.i;.C. ASt. L.. Cairo dlv. -48, 1939
Mil. L. 8.&W.— lonv. deb., 5a. 1907
8t.Lou.Dlv — l3t«ol.ts'Us,g.l940
1924
Mich. Dlv., 1st, 68
Bpnn<.A< ol.I)iv.-lst,g.4s. 1940
Ashland IHvialon— lat, 68 ..1925
WhlleW.VHl.Div.-l8t,g.4a. 1940
tncomea
Cln.Bau.ACl — Con. 1 8t,g.38, 1928
1927
Mlno.A St. L.— lat, g. 7»
OLCol. Cln. A Ind.— lat, 7s,8.f.l899 113
1909
Iowa Ext n.slon, lat, 78
Consol. sink, fund, 73
1891
1914
2dmortg.,79
Olevc A MaU. V.— Gold, .53... 1938
1910
Southwest Ext,— 1st, "a
Oolora<lo .Midland— lat, «., Us.l936 103
1921
110
Pacltlc Ext.— Ist, 6s
OoluuibiaA Green.— l8t, 63.. .1916
1922
99
Impr. A equipment, 6s
2d, 68
morts:.,
.3a.
1936
l.st
Pac—
192H
Minn. A
Del. Lack. A W.—Convert. 7»,1892 1U3
lOiU Minn.S.Ste.M. A All.-lst..38.1926
Mort«kge78
48.1938
e.g.
1907
Minn.St.P.AS.S.M-lst
131
8vi«. Bliig. A N. v.— Ist, 78.1906 123
MO.K.AT.-K.C.AP., 1st, la.g.l990
MorrUA Essex- l8t,78....1914 135 127
Dal. A Waco— Ist, 59, gu.... 1940
?<">?». 7;
1900
Missouri Pacific -Trust 05... 1017
7aof 1871
1920
1901 119
I8tooll,.38, g
I
A Binn.— lat, g., 58.. 1937
Alabama Central- lat 68... 1918
137
123
113
140
A
Hi*
ibo
79
•lllij 115
•105
75
Mobile
rio— Int.
eiteuded, 7a
2d, ex tended 53
8d, extended, 4198.
4tb, extended, 58
Bth. extended, 4a.
1897 118
,
lit, 00U8., fd. coup., 7a
Keorg„ 1st lien, *fi
B. M. Y.
i,.— lat, 78
M.y.
A
L. E.
19 19
115
1923
1920
1928
1920
1903
1916
105 >t
93
112
43
11
114
A W.—Col. tr.,68.1922
J.-rt.r„.ii— 1st, gii. g. 5« ....1909
129
130
109
CoauvKit-Oa
1922
Cvau8. A l'.H.-lat,cou8.,08..1921
Mt. \omon— 1st lis .,
1*)23
.
Sul Co. Branch— l8t, g.. Sa!l930
Kvaua. A ludLtu.- Ist, ouiia..lU26
rUnt A P. .Marq.— Moru, 68. 1920
Istoou. gold, js
1939
Port UillDU-lsl, !>»
19;J0
Fla. Con. Jc P«n.— 1st g. OS.
1918
W\ Worth A R. G.— tat g., h^ .19 in
. .
'
ou pnuo
Kri lav: taeM) are
116
106
117
97
HelenaAKodM'n-lat,g..(!9.1937
tlie laieat
f.,
d'Alene— Ist, 63,
Ooeur
Gen.
gold. 1916
qnotatluua
mad* tbM
woaa.
•
93
^
93
•loO
....-
78...190i'
1911
Texas A New Orleans— 1 st,78. 1903
1912
Sabine Division, 1st, 6s
Tex. A Pac, E. Dlv.— 1st, 6 >. 1905
Third Avenue (N.Y).— Ist 58, 193
1917
iTol. A. A. A Cad.—68
1919
iTol. A. A. AMt. PI.—68
1940
N.
M.—
g.
Tol. A A. A
58,
1896
lUnton Paoitlo— Ist, 6s
1897
1st, 6s
1898
lat, 68
1908
Trust,
68
Collateral
1907
Collateral Truat, 5a
1895
C. Br. U. P.— F. 0., 7a
Atoh. Col. A Pac— lat, 68.. .1905
6a...
1905
W.—
lat,
Atch. J. Co. A
U.P. Lin. A Col.— Ist.g., 58. 1918
Oreg.S.L.AU.N.,col.trat.,38.1919
9i%
114
114
100
105 19
109
104
57
95
95
57
103
57 "«
70
70I9
73
79
A
111%
82
80
^
107 «
IO8I9
109 19
••••••
85
77
77
69
TU
77%
73
M.,
75
..••>•
8ene8"A".1939
1893
107
ids
St. L.K.C.AN.—K.E.ARB. 73.1893
Bt.Charle8 Br'ge- l8t,63. . . 1 90-4
Pitts.— lat, 63.1911
West. Va. C.
Isl. 3s, gold...l9'26
106
105
107%
No. Missouri— 1st, 78
82
102
...>-•
North.— lat, 78
Wabash— Uob.
77'
•
'101
•100
190s 105
1926 70
Gold, 5s
Utah Southern—Gen., 78 ..1909 97
1909 93
Exlen., lat, 7s
Valley K'y Co. of O.—Con. 6s. 1921
Utah
A
Wheel.ALE.—
1071.
10il9 ..••••
1930
A Imp. g., 3s
.niHcellaiieous HoiiUk.
•3
Amor. Cot. Oil Oeb.. g., 88...1900
Amer. Water Works— lat 6s.. 190
1907
123
1st cons. 5s, g
10819 Cahaba Coal Min.— Istg. 73..190
Col.t.g,58,19lo
CblcJun.AS.Yda.—
98 >9 99
lOSig
Kxien.,ion
.
108
• •>•
112
1919
Colorado Fuel— Gen. 68
98
Col. A Hoek. CoalAI.—63.g..l917
Conaol'n Coal— Convert. 6*... 1897 103 105
72
Cone Ga3Co.,Chlc.-l8tgu.59.1936
Denv. C.W.-it.Wk8.— Gen.g. 58.1910
Det,Un.DepotAStn— Istg. 48,1938
98% ....••
Edison Eloc. HI. Co.— Ist, Ss.ldlO
1903
OS
Equitable G. A F.— lat 6a
Henderson Bridge— Ist g. 6s. 1931 it>4
19i0
g.
5b.
984
Imp.—
Hoboken Laud A
Mutu.1l Union Tcleg'n—68. g.1911 104
90
Natlun'i Starch Mfg.— lat. 6S.1920
N.Y. A Perry C A I.— lat, g. 6s,1920
1904
•lOJ
TelegrapU—7.,
Northwestern
96
108
'56 "J
82
8t
103
ido'
"
People's Oaa 4 Coke/ Istg.Os.lt
107
•
5 2dg.6i.l904
103 14
Co., Chicago
1919 100
Peoria Water Co.—68. g.
102
104 'Pleaa. Valltiy Coal- lal g. 68. 1920 9819
ProctorA Gamble— l8t,g., 6s. 1940
100
WoBt. Unlou Tel.— 79... 1875-19 Jl. 11619
12019
Vnllaied Hun4a.
112
00
Ala.4Vi0ka.-Con8o#3g., 1 92 1. A40
108
2d M., Income till '94, 192 1..A AO 70
1921.AAO
96
•Ierld.,lst68,
Vleks. 4
Atlanta 4 Charl.— Isi 7s,l907.JAJ 118
92
19t9.MA.'l
31
Inc.4a,
75^ 73 -9 ComstockTun.—
Uoorgia Pao.-lat 68, 1922. .JAJ
AAU
1923
Cousol. 5 g .
112-9
Income 3.« ...
114
i-ii^.
"ii
Little R.A «em. lst4g.l037.MA3
08
M.'.u V*''<-"'l. Coii>*.7 if..l9|3.JAJ I
DuluthAManltoba— Ist,i;.'isl936 105
Dul.AMau Dak.Dlv.— lstils.1937 105
1938
lBl,g., 68
Cent. Washington— lst,g..6a.l938
Norfolk A West.—General, 6s. 1931
1932
New Rlv<>r,lat,68
1934
Imp. A Ext., 6s
1924
7»
M.,
Adiustment
1908
Equipment, 58
\0J
1957
Clinch Val. IstSa
Scioto Val. A N. E.-IS1. IS..1990
105
Ogcl. A Lake Ch.— I st con. 6«. .1920
118
conaol. 78. .. 191
100
uu 19
-9 lOUio A Ml88-2d
190.3
»7%|l Spring.lJlT. — I8t7
1932
M OoneralSs.
1936
7' to Ohio Rlv<T Ra-l't.'tB.
93
10. 19
.1036
A
1936 10219 104
Spokane A Pal.- 1st, 6s
SiPaul A N. P. -Gen., ii.H..1923
idfii
Funded cuup., 5s
1969
Income, 6s.
1977
BuB, J, s. W.-Mortg.teii.'.'lOOS
6s..
100
46
14
120
111
.
Jamea River Val.— 1st,
109
A Dauv.- Debentare6a.l927
1909
Eiiulp. M. 8. f.,g.. Sa
Atl.
Char.— lat, pref., 7a.. 1897
do.
Income, 6a
I91K)
1st mortgage, 7s
'
117>9 North'n Pachlc— DIvlddacrlpext.
107 19
101
A
Texas Central— 1st, a.
81% Si
. .
N. Y. Susq. A West.— 2d, 4198.1937
Gen. mort., 5a, g....... .....1940
'116
70
39^8
100
. .
105
109
1931
80
St. L. A Cairo—48, guar
68.
1920
T.—
lat,
Morgan's La. A
1918 il3%
l8t, 7a
Nash. Chat. A St. L.— 2d, 63.. 1901
New Orleans A GuU— let, 68 .1926
N. O. A. No. E.— Pr. I., g., 68.. 1915
97 «9
N. Y. Cent.-Deb. g. 48. ......1905
N. J. June—Guar. Ist, 4s... 1986 100
tieecta Creek- 1st, gold, 48. 1936
N. Y. N. H. A H.— lat, reg. 4s. 1903 idi"
N. Y. A Northern— lat. g.. 5s. 1927 105
1927
2d, 48
.
12tf>9
60
•
1932
Pitts. Palnav.
P.— lat, 5b. ..1916
Freao't
Ariz. Cent. l8t,0s,g. 1916
2d Income, 6s.
1916
110
11219
i
ATol.— l«t,6^...192i
A Y.— 1st 6a
111
RloGr. Jnnct.,lBt,gnar.,g.,3a.l938
Rome Wat. A Og.— lat M.. 7a. 1891 101l«
1923
A Or. la.—2dlno
73
75
69
Kan. C. A Omaha— lat, 5s.. 1927
•
106
St. L. A. A r.ri-2d m.lno.7s.l894
idi'
33
58
.1894
Dividend bonds
Bellev. A 80. III.- lal, 8a...i890 no
123
110
1923
Bellev. A Car.— l9t, 6a
112»6
Chl.St.L.APad.— Ist,gd.g.58l917 100 103>t
105 110
81
84
St. Loula So.— 1st, gd. g 43.1931
2d Income, 5s. 1931
63
70
do
idd' ldoi9
77
Car. AShawt.— Istg. 4s.... 1932
98
St. Lou AS.Pran.— Equip., 78,1895 100
117 118
1931 * 9319
General 3s
100 101
1987
83
lat, trust, gold, 5s
34
26
Kan. City A 8.— l3t, 6a, g. 1916
95
89
Ft. 8. A V. B. Bg.— Ist, 68... 1910
83
84
103
. >>•
St. Paul A Duluth— I8t,5a....l931
103
1917 101 1« lom
2d mortgage 59
103
St, Paul Minn A M.— lat, 78.. 1909
UO
1909 113
•2d mort,, 63
1922 109
61
Minneap. Union- lat, 68
112
llS-g
us
Mont. Cen.— 1.9t, guar., 69.. 1937
98
East. Minn., Ist dlv. Iat59.190'<
102
San Fran. A N. P.-lst. g., 5s.l919 *...... 99
103 19
Shenaii.Val.— IstTa, g. tr.reo.l909
102
Gen. 68, g., tr. rec. aast'd. .. 1921
1931
90
100
Scmth Carolina -2d, Os
95
So. Pac Coaat- lat, guar., 4a. 1937
Mobile
107 14 108
L.
ioi%
110
St. J08.
SI.L.AI. M.-irk.Br., 1st. 78.1893
A Ohio— ist ext., 6S...1927
I3419
102%
A
Mc. K.
121
10l>9
10714 •-•••
11119 *•••
Er— 2d g. 5a, "A". 192H
Pitta.
Pltt.3.
Rich.
,
A Hud. Can.— 1»^ ex. 78.1891
Coupon, 7b
1894
Pa. I)lv., coup., 78
1917
Albany A Suaq.- I»t,gu.,7a.i906
l8t,cous., guar., 6s
1906
Kens. A 8ar.— lot, coup., 78.1921
Denver City Cable-lat, 68... 1908
D«nv. A K 0.-Inip.,g., 5a... 1928
K.Teuu. Va. AGa.-l8t,78...19O0
Divisional 58
1030
lat ext.. gold, 5s
193
.
Phlla.
10819 Pills. Cleve.
.
Del.
135
Ohio Ind. AW.— lat pref. 5s.. 1 938
1921
2d mortg.,4i9B
A Read.— 3d pref. convert
90^8 Pltta.C.CASt.L.- Con.g.4i«8Al940
,,
140
139
191/
83
92
103
7b
98
62
100
I
Dec A West,— M.
2d M.,
86
110
AC- l8t,7«...ltll.'
W.
8d, 7b
1912
Ctev. A P.—Cons., b. fd., 7b. I9')0
4tD,8lnk.fttod
6b. 1 89'/
St. L. V. A T. U.— iBt, 6b., 78. 1897
I89H
3d, 7b
189m
3d, guar., 7b
83 ••
1
Ohio. Biiil.
RrANaT.—<'ol.tr. g.. 5.. 1919
Pitta, Ft.
89
Bpringf. Dlv.—Coup., 68.... 1898 106
921 112
mddle Dlv.— Reg.. 58.
C. St. L. A N. O.— Ten. I., 7«. 1897 110
lat, oonsol., 7s
1897 110
1907
2d, 68
Gold. 58, ooupun
1951 100
103
103 >9
10,17
Peiin.RR.-P.C.A9.L.-lat,c..78.liMMi
1927
.^8.. 1944
Oreen B. *l. ASt. P.-lst lis .1911
2d Income, all aiibs. paid
98
ObloBlr.-lOon.l- Gen. g.M-
Oreg.
.
A Kla.— lat, g. 6a
Grand Ran. A tod.— Gen.
Went, PiiclHo— Ruiid<i,6a....l800 104
Honaatonlc—Cona. goUl 5»
No. Kallwn; (Cat.)— Ist, as. 1007
1 9!» /
N. HavenADorhy, (:(in-<.rm..lftl8
SOypftr .')»
193S* '97i«
10i»>s
lll>«
Hous. AT, C.-Waco A N. 7a.. 1 90S
OhiM. .(<>.— Piir. M. fund, 6a. 18081
lat g.. 68 (Int. gtd
6«. Kiild, KprieA A
193
1008 114 116>«
Ohea. O. & 8o. Went.—Sd, 68.. 1011
Cona. g. 6s (Int. gtd)
1912
Gen. g. 4a. (Int. gtd)
ObloaffoA Alton— l8t, 78
1921
1893 idi
Dnbent. Os, prln. A Int. gtd.1897
81nkln)t fund, «a
1903 12i»«
LohIh. a Mo. River— l8t, 78.1900 114
Debent. 4s, prln. A Int. gtd.1807
2d, 7n
nilnotsCentral— l8t,g.,4s ...1931
1900
Bt. I.. .Taokn. & C'blr.— lBt,7B.1894i 103
let, gold, 3193
1951
l»l., Kw.ir. (^*l), 7s
1894
Miss.K. HridffO— lat,9. f.,6s.l9l2
100
,
. .
93 >•
....••
102%
lao
»3
80
100
120
93
100
»•
.'.
"ii"
114
THE CHRONICLE.
5tQ-
Latest Earnings Reported.
%nv(tstmtnt
UU,
Vol.
WeekorMo
r.OADS.
Jan, 1
1890.
1891,
to
Latest Date,
1891.
1890.
S
GeorglaRR
121,751
61,488
3,153
69,572
14.119
6,280
89,972
424,912
67,847
26,863
August....
Geo, So. &Fla.. Septemb'r.
Georget'n&Wii July
Gr,Rap. &Ind.. 4tbwkBep.
Cln.R.&Ft. W.
4thwkSep.
Th« Investors' Supplement, a pamphlet of 150 pages,
Other lines. .. Ithwk Sep.
Total
all
lines.
wk Sep.
Bail4th
Bonds
of
tmtains extended tables of the Stocks and
Grand Trunk... Wk. Oct. 3
Chic &Gr.Tr. WkSept.26
roads, and other Companies, with remarks and statistics conDet.Gr.H&M. wkSept.26
cerning the income, financial status, etc., of each Company. Great North'n St. p. M. & M. Seplemb'r.
It is published on the last Saturday of every other month—
East, of Minn. Septemb'r.
MontanaCent. Septemb'r.
viz., January, March, May, July, September and November,
is furnished without extra charge to all regular subteribers of the Chhonicle. Extra copies are sold to subaeribers of the Chronicle at 50 cents each, and to others at
and
f 1 per copy.
General Quotations of Stocks and Bonds, occupying
pages of the Chronicle, are published on the third
atarday of each month.
Tlie
li\x
RAILROAD EARNINGS.
Latest Earnings Reported,
Bo ADS.
Weekorifo
1891.
1890.
Jan. 1
to
Latest Date.
1891.
1890.
I
ATatiamaMldl'ii. Septemb'r
Allegheny Vai.. Augu.st
43,903
214,673
Atch.T.&S. Pe.. Ithwk Sep. 1,002,127
Half owned... 4tbwk Sep,
48,734
Total ayatem. 4tbwkSep. 1,050,861
StL.&8anF.. Ithwk Sep. 228,026
Half owned.. 4tbwkSep.
47,921
43 693'
212,'349|
1,633,817
1,676.512
906,365 23,984,847 22,500.669
1,248,131 1.214.236
960,518 22,232,980 23,714,903
215,318i 4,919,650 4,693,513
53,356 1,222,404 1,189,810
Tot.8.L.&S.F. Itliwk Sep.
275,947 268,674' 6,142,054 5.883,361
Agg. total .. itbwkSup. 1,328,808 1,229,192 31.375,032 29,593,265
AOanta&Ohar.* July
67,613
61,021
Atlanta & Flor'a August
7,622
8.061
Atlanta &W.Pt. August
B.&O.EastLlnes August
Western Lines August
Total
August
54,153!
32,789
34.582
284,093
280.350
1,848,576 1,752,674 12,330.588 12,147,615
504,013 498,363 3,606.661 3,698,735
2,352,589 2.251,037 15,937.252 15,846,350
B»\.&0.8outliw. 4tbwk Sep.
75,534
68,217 1,804,797 1,719,257
Bait. &Potoinf<o August
150,170 142,485 1,147,293 1,114,536
Bath&Ham'nds p'tJuly....
2,322
11,351
2,008
9.787
Blr. & Atlantic Septemb'r.
4,045
6,315
38,071
58,106
Bir.Sh.&Tenn.K July
19,178
14,819
111,472
111,006
Bisbopsville
440
562
13,377
July
11,764
Botr.Rocli.&PiM 4tbwk Sep.
79,121
62,347 2.056,274 1,581,3.39
Bor.C.Rap.&S. Septemb'r. 426,873 362,889 2,637,894 2,292,162
Camden & Atl. August
167,731 161,667
582,202
592.009
CanadianPaeitlc 4tbwk Sep. 581,000 499,000 14,249,041 11,932,888
Cp.F'r&Yad.Val 4tbwkSep
12,909
430,154
13,696
399,201
Car.Cnra.G&Cli. July
3,814
25,637
2,007
14,424
Car. Midland... July
6,197
4,925
Ced.Rap.&Mar. Septemb'r.
2,700
2,551
Oen.KR.A Bg.Co July
496,9'i2
416,641
Central o(N. J.. August
1,305,042 1.295,535 9.144,838 8,675,314
Central Pacifle July
1,505,268 1,451,819 9,174,905 8,333,045
Central of e.C. .iuly
6,9,=iO
8,026
57,257
67,857
Ohar.Cin. ACliio Septemb'r.
13,5-3
12,000
112,465
89,120
Oharlest'n & 8av July
46,345
41,412
466,048
408,304
Char.Sum.&No. Septemb'r.
17,000
9.300
84,600
47,880
Chatt'n'gaUni'n Septemb'r.
8,517
9.955
74,738
86,570
Cheraw.&Darl. July
6.215
6,563
59,024
54,421
Clieraw.& Salisb July
1,386
1.036
13,947
12,917
Ches. <bOhlo.... 4thwk Sep. 245,995 219,070 6,422,782 5,693,898
OheB.O. &8. W. 3 wks Sept 144,592 142,926 1,630,427 1,468,914
Ohio. Burl. &'Q. August
3,161,840 3,016.229 20,692,921 22,674,652
CII1I0.& East. 111. 4th wk Sep.
77,566
75,005 2,749,536 2,346,323
CSilcaco & Erie July
225,817 216,747 1,450,232 1,571,374
Ohlc.Mil.&St.P. 4th wk Sep. 969,709 866,303 20,077.971 18,800,793
OUc. &M'tbw'n. August
2,747,108 2,670,530 17,470,587 17,345,376
dUc.Peo.&St.L. June
60,173
28,287
328.604
187.325
Chic. K'kl.&P.a Septemb'r. 1,847,489 1,722,246 12,401.825 12.531,454
Omc.St.P.&K.C;. 4tUwk8ep.
147.472 117,197 3.320,393 3,181,242
OWc.Bt.P.M.&0. August
686,329 596,173 4,561,820 4,111,762
Ohlo.&W. MlcU 4tbwkSci).
51.107
38.923 1,303,712 1,173,777
Otn.Ga.A Ports. Septemb'r.
7,001
7,116
50,063
49,070
Ctn. Jack & Mae. 4thwk Sop.
19,972
19,866
542,031
493,223
Cln.N. O. &T.P. 3d wk Sept
92,328
88,512 3,072.055 3,128,941
Ala. Gt. 8outl) 3d wk Sept
34.569
38,913 1,307,658 1.358,650
K.Orl. &N.E. 3d wk Sopt
23,428
20.686
784,836
875,703
Ala & Vickab. 3d wk Sept
13.026
10,834
419.li97
454,800
VlciiS.Bb. &P, 3d wk Sept
13,208
10,393
393,959
392,231
Erlanger Byst. 3d wk Sept 176,619 169,360 5,9S0,.i26 6,210,325
Olnn. North Wn. Septemb'r.
1,902
2,050
13,596
15.002
Cln. Ports. cfeV.. Septemb'r.
26,008
23,461
179,278
169,303
Col. & JIuysv. Septemb'r.
1,191
969
9,435
7,207
Oln.Walj.iMicb, Septemb'r.
75,300
54,627
528,955
444,977
Clev.AkroniSrCoi 3d wk Sept
23,020
20,263
632,183
603,844
Clev. di Canton. July
75,674
51,050
339,713
297,423
01.Cln.Cb.i,8.L 4tUwkScp.
391,472 434,393 9,917,184 9,693,683
Peo. & Kast'n. 4tliwkSep.
53,641
44,776 1,210,112 1,091,833
Clev. & Marietta Septemb'r.
31,111
34,633
232,827
210,511
Color. Midland. 4tliwk8ep
57,493
52,702 1,526,161 1,401,340
Col. H. V. & Tol. Septemb'r.
314,626 301,963 2,363,813 2,153,867
OoLStaawncc&U Septemb'r.
57.758
35,770
411,293
216,407
Oolusa & Lake.. .Septemb'r,
2,750
2,02
21,863
19,210
Conn. River
Augu..it
104,086 108,698
721,583
736,868
Current River.. 3d wk Sept
3.065
3,193
111.102
125,707
Denv.AKloUr. ithwk Sep. 254..500 244,300 6.183.493 6,296,369
Sea Moin. & No. Septemb'r.
15,055
11,074
95.638
83,054
DeBM.&N'west Septemb'r.
20.756
26.405
143.390
16l,15ri
Det-Bay C.&Alii 3d wk Sept
8,036
10.376
311,363
400,993
Det. La u s V 4Sc N u 4thwkSep.
36,606
33,500
919,156
902,755
Daluth8.8.&Atl August
262,49
246,498
Bulutb & Winn. Sc temb'r.
5,479
4,215
'54,032
38',256
E.Tenn.Va.JeGa. July..
545,091
613,010 4,003,292 4,123,597
£lgln Jol..VEEasi. August
70.379
52,332
443,520
371,103
Mlz.Lei.&B.8...iJiUy
80,000
78,067
417,271
446,083
BTans.&Ind'pli^lltbwkSep.
9,115
8,382
231,364
219,036
Bransv. * T. H. :4tU\vkScp.
30.,S96
29,303
870,025
7,30,673
Fltobburg
July
598.013 596.133 3,9u5,259 3,893,916
»Unt. cb P. Maru. IthwkSep.
77.682
73,967 2,169,6111 2,203,492
Florence
July
1.738
1.912
23,601
22,271
Flor. Cenl.ct p. 4thwk Sep.
27.303
27,204 1,029,815
859,880
Ft, W. <t Rio «r. Septemb'r.
39.0.W
22.510
190,626
111,477
8a. Car' la * No July
8.977
3.311
61,941
33,145
—
I
tMu.n
138.927 1,153,916 1,090,836
68,642
552.606
524,168
2.948
24,983
23,299
71,258 1,799,718 1,985,898
12,939
332,009
352,754
5,884
168,915
163,140
90,081 2,300,673 !, 501,793
414,611 14,512,036 15,137.773
70,387 2,703,721 2,762,911
26,052
870,182
817,722
1,302,231 1,097,336
158,188 104,196
106,404
109,902
1,311,453
3,249
147,691
15,170
7,231,532
728,942
940.972
8,901.443
23,618
846,055
122,901
6,454,499
485,553
800,346
7,740,397
27.133
862,698
116,969
Tot. system. Septomb'r. 1,566,822
Gulf & Chicago. August
2,899
Housatouic
144,541
July
Humest'n&shen Septemb'r.
18,000
Hutch.&Soutb'n septemb'r.
9,167
Illinois Ceutr'l.. August.... 1,582,297 1,423,827 11,563,603 10,300,293
Ind.Dec.&Quin. Septemb'r.
41.457
350,613
39,876
333,513
In. &Gt.Norlb'u Septemb'r.
421.770 399,074 2,713.998 2,758,253
Iowa Central... 4tbwk8ep.
43,821
E 2,649
1,243,723 1,199,775
Iron Railway... Septemb'r.
2,705
27,530
2,835
25,658
Jack'v.South't'ii 4thwk8ep.
31,422
511,307
22,376
835,583
J'k'nv.T.&K.W. August....
34,321
523,643
415,618
31,187
Kanawha&Mieh 4,ii,wkSep.
9.554
24.5,472
10,858
236,705
Kan. C. 01. & 8p. 3d wk Sept
5,848
218,569
299,538
8,974
95,187
K.O.F.S. & Mem. 3d wk Sept
91,243 3,233,403 3.402,693
K.C.Mem. &Bir. 4thwkSep.
31,323
29,903
831,320
806,895
13,315
Keokuk & West. 4th wk Sep.
292,736
262.699
10,726
6.467
L.Erie All. & So Septemb'r.
53.905
6,370
50,426
91,583
L. Erie& West.. 4thwkSep.
91,813 2,363,314 2,263,513
L. Shore &M.S july
1,810,850 1,701,812 11,390,807 11,625,662
36,457
Lehigh* Hud.. Septemb'r.
34,061
311,330
271,170
14,482
13,391
452,312
376,402
L. Rock & Mem. 3d wk Sept
87,008
3,047,639
Long Island
83,023
3,220,688
4thwk8ep.
Louis.&Mo.KiT July
42,053
31,3.^2
233.040
228,197
Loms.ET.&St.L. 4tliwkSep.
45,032
937,479
43,821 1,139,944
Louisv.&Nashv. 4tbwkBep. 561,335 495,748 14,660,049 14,044,697
LK)ui8,N,A&Cu. 4tiiwkSep.
89,625
2,106,550
1,930,131
81,15
105,469
Louisv.N.O. &T. 4tbwkSep.
86,182 2,462,136 1,971,117
Lou.St.L.&Tex. 4thwk8ep.
14.646
336,413
291,600
12,084
Lyncbb.&Dur'm Septemb'r.
11,525
126,947
71,577
12,156
&Chas
1.006,890
123.03
141,615
886,35
Memphis
July
(Mexican Cent... ithwk Spp. 198,493 154,618 5.244.42!) 4,626,234
98,627 3,102,939 2,741,470
{Mex. National 4thwkSep. 115,740
71,0J0
83,078 2,983,333 2,961,831
tMexican K'wav wkSep.l9.
Mich.C.&Can.So July
1,261,360 1,193,704 8,226,360 8,036,764
Mil.L.Sh.&Wesl 1st wk Oct.
69,191
85,057 2,712,158 2,972,646
Milwaukee & No 4th wk Sep.
57.765
47,262 1,253.941 1,174,625
104,9291.885
13,924
12,439
Mineral Range.. Septen.b'r.
Minneap.&St.L. geptemli'r. 196.530 152,820 1.244,363 1,050.708
265,530 167,099 1,667.107 1,451,427
M.St.P. AsB.S.iNI. Septemb'r.
Mo. Kan. & Tex. 3d wk Sept 221,595 194,153 5,947,344 5,696,997
222,132
257,636
9.810
7,072
Kan. C. & Pac, 3d wk Sept
305,694 238,717 6,510,728 6,177,847
Total Syst'm 4thwk Sep.
151,623
160,659
Mobile & Birrn.. 4tbwkAug
5,373
6,991
Mobile & Ohio .. septemli'r. 275,324 281,539 2,485,819 2,425,945
264,965
652,200
Montevey&M.G septemb'r.
75,671
40,150
493,357 355,668 2,892,116 2,406,471
Nash. Ch.&StL.A August....
26,83'
171,604
188,545
N.Jersey&N.Y. August....
30,209
122.936
104,647
11.992
13,583
New Orl, & So'n septemb'r.
N, Y. 0.& H.R.(/ Septemb'r. 4,128,055 3,592,830 31,998,431 29,781,723
N, Y, L. E. & W. August.... 2,946,268 2,798,618 19,550,584 19,027,119
690,264 610,049 3,833,092 4,074,303
N. Y. Pa. & Ohio July
N,Y,&N.Eng.. A.u,gU8t.... 572,104 570,730 4,036,140 3,897,931
396,176
&North'u.
380,771
47,388
40,453
N. Y.
Septemb'r,
74,672 2,2S6.231 1,792,823
92,362
N. Y. Ont. & W. 4tbwk Sep.
1
,007,972
1,060,426
Susq.&W..
147,812
149,743
-uigust....
N.Y.
198,107 174,169 6,640,833 6,233,291
Norfolk &\Ve3t.. 4tbwkSep.
426,249
464,484
41,527
39,337
N'tbea3t'n(8.0.i July
612,108 553,698 4,333,905 4,390,532
North'n Central. August....
16,599,341
Paeitlc
17,399,031
827,895
Northern
4th wk Sep. 908,833
No.Pac.&W.C. ithwk Bep. 1,044,882 986,733 21,157,520 20.434,186
86,236
79,361 3,122,169 3,084.360
Ohio&Miss
4tbwkSep.
504.596
506,212
12,425
17,912
ObioKiver
IthwkSep.
393,933
422,110
56,377
54,077
Ohio Southern.. Septemb'r.
116.201
155,423
16,188
13,976
OhioVal. of Ky. swksJuly.
331.355
L..
260,091
42,781
44,267
Omaha cfe St.
July
440.610 419,870 2.676,762 2,955,166
Oregon Imp. Co. August
Pennsylvania .. August
6,212,375 5,930,855 43,307,568 43,263,832
591,742
666,0381
PeoriaDec.&Ev. IthwkSep.
22,061
20,803
368,948
363,318
41,753
39,811
Petersburg
August
510,324 434,833 3,'299,262' 3,325,858
Phila, &Erle... August....
13,327,215
Phila. & Read'g August.... 1,963,775 1,824,703 13,345,433
Coal&IronCo. August.... 1,947,729 1,747,84- 12,264,012 11,336,691
TotalbotbCos. .August ... 3;911,504i3,572,55'. 26,109,467 24,663.906
27.797
32,920|
3,902
3,524
Pitts. Mar. & Ch. Septemb'r.
171.715
206,3051
37,091
23,273
Pitt.8hen.&L.E. August
832.128
819,137|
140,080 123.989
Pittsb. <t We3t'n,july
273.725
256,9461
Pitts.Ciev.&T. July
46,836
39,715
158,283
168,316
24.612
Pitts.Paiu.&F. July
32,991
1,637,591
Total systeui IthwkSep,
61,465
59,441 1,682.961
941,358
781.119
Pitt.Youug.JiA- August
174,889 132,326
185,422
222.615
19,634
27,171
Pt.Koy alii Aug. July
219.9.56
236,193
23,910
25,203
Pt.Uoy.&W.c.a. July
98.079
100,013
12,962
Pres.itoAriz.Ceu. Septemb'r.
12,200
132.019
189,729
26,313
24,495
Quincy 0.& K.C. Septemb'r
4.123.700
Rich.&Danville. Septemb'r.
490,300 498.350 4.337,000
213,100 210,2011 i,6ff8,O50 1,612.700
vir. Midland. Septemb'r.
676,290
703,030
71,900
85,900
Char. Col. & Au. Septemb'r.
610,338
605,370
79,800
67.600
Col. & Greenv. Septemb'r.
~
705,714
734,000
111,900
85,200
West. No. Car. Septemb'r.
176.200 158.300 1,416.070 1,307,775
Georgia Pac. Septemb'r.
111,248
116,740
17,620
16,930
Wa3h.0.& VV.. Septemb'r,
109,487
118,103
16,700
15,760
Ashv. & Bpart. Septemb'r.
Total Sys'm. IthwkSep.
267,730 259,610 9,818,561 9,343,201
229,763
224,922
25,521
27,712
Rich. & Peters b. August
179,701
27,137
Rio Ur'de South. Septemb'r.
'isViso 1,793,322 1,262,872
3d wk Sept
59,000
Rio Gr. West.
Rome W. & Ogd. Septemb'r. 351,523 376,991 2,930,503 2,935,537
74,413
77,234
Sag.Tuscola&U. Septem b'r.
11,498
10,772
941,634
8t.L.A&T.H.B's 4thwkSep
36,390 1,019,110
35,180
St.L.Southw'rn. 4thwk Sep,
127,243 2,9i3,977 2.759,937
145,063
8t.Paul&Uiil'th Septemb'r.
182,766 164,000 1,240,356 1,063,478
43,59"
S.Ant.&Ar.Pass. ithwk Sep.
50,120 1,231,407 1.184,735
349,890
609.1-24
19,133
19,542
S. Fran.&N.Pao. 3d wk Sept
254,543
358,>^14
Mou.
Septemb'r.
Am.
&
53,000
43,689
8av.
146.009
144,733
10,150
13,158
Seattle L. 8. & E. ItbwkMay
42,603
50,891
July,
13,541
11,662]
Silverton
212.150
81ouxCity&No. June
33,444
22,283|
1,083,165
1,211,033
Septemb'r.
Carolina
157,000
162,332
South
—
.
.
'•
.
I
[
.
S3.
1
PaoiUcCo.—
Gal.Har.&S.A. August...
Louis'a West.. August.
355,283
81,657
370.463
113.184
2,722,923
614,748
2.630,832
739,366
October
THE CHRONICLE
10, 1891.J
Lalat Kamingi XeporUit,
Jan.
1 to
KOADI.
Week or Mo
1801.
«
•o.Piic.C'().(ron)
lfor««ir»LAT.lAnsii(it
W. Y.T. AMKX.lAmciist....
Tex. A N. Orl 'Aiiitiwt....
Au^rust
AtliiiitU' rtyi^.r.
P»p|tlo sy«i<Mii
July
Toittlofall.. July
Bo, P«i\ Kit—
Mo. niv. (Cul.) July
189a
s
444.716
Lauit
ilh tetek of SepUmber.
1891.
S
July
Arlionii Dlv..July
KewMex. DIv. July
ap«r. Uii.A Col July
Bwteti U\. K. T. AuitUBt....
•
870.583
3,806,778 3,336.909
20,7A6
23.631
134.073
122.3
13t.J4U 172.141 1,025.135 1,20<I,0112
975,588 1.124.135 7.844.918 8.()»'.».oll)
3,853.4H1 3,143.583 20,031,117 18.731,169
4,288,817 4,079,51Uj20,UOO,449 25,674.229
-1
BtODTCl.ACMt.. Julv
Bamiuit lirnui'li. Auituat
Lykcns Valley AuifUHt....
TofI
I.e.
Ill
CoM
Aunu.st....
lenii. Mi,ll:iml..
Aututt
Tela'*
ItliwkSep.
.V
r.uiili-
T»x..'<.Va ,vN.\V. itluvkSei).
Tol. A A.iV N.
Sciil.Mub'r.
Tol. Co!. ,v cin. ItliwkHop.
M
lol.AouMC.ut. lilnvkSep.
lol. 1". .V U„st.. ItliwkSop.
lol. 8t. L.
K.C. 4tli\ykSop.
A
Dlstpr*Del.... July
Onion Pacldp—
Or.
A U.N.
247,311
620,700
160,020
81,896
10,062
134,125
13.491
100,061
75,426
184,487
10.539
233,920
1,439
86,983
9,170
37,605
29,726
50,095
48,892
346,201
589,546
139,456
70,764
9,689
13S.735
13,139
07.297
82,940
180.237
18,004
243.220
1,595
1,217,176
3,063,317
1,127,207
593,240
75,569
720.028
95,1<.I»
7118.119
8,467
45,283
28.155
250,.")92
229,671
1,073,063
1,0M1.S()7
702,017
38.0ii9
1,366.97
090.778
1,162,169
199,633
47,849
2<l,.')fl7
1,246,158
3,611,1119
l,151.si)2
602.767
l07.-<;)3
7i>7,tl27
Rich.
*
Danv. (8 roa<la).
Alt. .VT H. Ilrches
MiiutliwonterD..
Snn Antonio ,(c Ar. Pom
Tezaa A Paolllo
TeXMSab. V. AN. W....
259,110
35.lH(l
36.3il0
1 t.'i.66:i
127.213
5<>, 1 20
43,.'>92
Toledo Col. A CInn
Toledo A Ohio Central...
Toledo Peoria A Western.
Toledo St. L. A Kan.Clty.
Wabash
Western N. Y. A Penn..
Wheeling A L«ke Krle...
WlMoniln Cantral
Inertate.
l>tertmM,
•
267,730
SI. I,.
8t. I/Oul«
Total (76 roads)
Wet Increaae (7-50
8,120
1,310
'18,430
'«',.5M
238,020
243.220
1,439
0,170
87.605
29,726
80,005
431,820
09,000
39,723
136,049
1 ,695
8.467
45,283
703
28.1.15
"V.Kii
9,300
166
'7.678
SH.Oflll
12.0261
3-(4.465
102,70(1
36,835
33,644
"6,079
3,700
158,83'<
July
Or.Ry.AN.Co. July
July
8t.'Jii.J:(i'ilIsl. July
Alloth.liuoa.. July
TJn.Piu'.t).A(l.
:.
9,992,084
for
a
0,387,191
p.e.l
The following
stilts
will furnish a
series of weeks past.
858.11)6
654,013 699,268 4,3.'>0.193 4.222.R28
406,060 464,519 2,97«,094 2,'J30,!)14
631.389 627,662 3,00.5,'J.i5 3.166,308
.1
70,060 H5.5f.iJ
43.->.7!»2
H56.670
.1,838,401 2,030,:)1S
,030,M1S ia,640.5lt6l 13.162.393
Tot.U.P.Sya. July...
.3,500,823 3 ,837.362 2'2,416.6>8 23,7:!IM12
"
0«nt.Br.AL.L. Julv...
54,»!I0
.
6H.149
3f,1.975i
650.J71
Tot. omit'led July...
.'3.555.813 3,903.511 22,778,603'2».38!l,;l-i3
Montan;t Vn.. Jul.v
43.941
8(i,S31
438.81SI
515.174
Lenr.Toii. & 8. july
2.060
2.157
16,511
16,'J-!1
Man.AL.t Bur. July
2..951
2.661
22,77ll
19.621
Jolut.own'rt.'s July.
24,476
45.824
239.049
275,HH7
Grauil total. July
3,580.288 3,949,335 23,017,652 24,66.'), 270
ermpLt Valley August
20,085
20,130
121.566
23,673
Wabash
4tbwkScp. 421,320 384,46.) 10,068,454 9,584.396
W»b. Cbest.AW. July
7,230
5,070
36,230
32,453
Wash. <outUerii. Auftust
18,530
20,578
191,218
185,248
We»t Jersey
Auiiust
190,635 104,071
991,996
980,259
W.V.Ceii.Al»ltt9. August....
04,204
93,828
727,617
606,315
West Vir.&Pltts. July
21,574
9,951
88,518
56,769
Western of Aid. .\ugu.st
39,430
42.018
342,839
328,521
Weet.N. Y. & Pa. 4tbwk8ep.
99,000 102,700 2,700.403 2,68 173
Wheeling* L. E. Ithwkaep.
39,723
953,0i.4
33,644
862.161
Wil. Col. A Aug. July
56,758
56,996
558,818
549.867
WlsconsluCent. '4tb\vk8ep. 136,049 158,838 8,758.469 3,834,846
Wri«htsv.i\rTeD. July
6.175
6,210
52.511
47,418
Zanes. &Obio... latwk Sept
3,607
3,419
98,586
101,22
•Figures cover only that pnrt of mllesife loo«el In South Carolintj*
• The flgures from Jan. 1 to date Include correotlois for the first
monthsof each year. 6 Western and Atlantic inolu.led in August, tbreo
13ai,
but not in 1890.
e IneUidcs earnings from ferriet, etc., not riren
eepar.itel.y.
1 Mexican ourroncr.
,1 Includes Kome Wat. A Ogd. in
both vcara for August and the eight month*.
8. L.
1800.
.«
'22,789
26.'.;C,9
837.5J5
65(!,-IT3
619.741
63M,:)m
1,457,264 l,2U.'i,2Ja
128.541
131,966
4,813.680 4,978,017
3J.187
37,910
207,066
1891.
1890.
I
Bo. IJh-. (Cul.)
617
l>ai»
and number of roads
Ist week
3d week
3d week
4thweek
inrlmted.
of Mch. (92 roads).
of Mch. (89 roads).
of Mch. (88 roads).
of Mch. (76 roadsi.
of Apr. («6 roads).
nt Apr. (88 roadsi.
of Apr. (84 roads).
of Apr. (91 roads).
of May (87 roads).
of May (86 roa<l8).
of May (87 roads).
of May (88 roads).
of June (84 roads).
of June (84ro,ids).
of June (S4 roads).
of Juno (81 roads).
week
2d week
3a week
4tb week
Ist week
2d week
3d week
4th week
1st week
2d week
3d week
4th week
Igtwcekof July (MOroads).
2d week of July (S3 roads)
3d week of July (83 roads).
4thweekof July (87roads).
Ist week of Aug. (85 roads).
2d week of Aug. (86 roads).
3d week of Aug. (87 roads)
4th week of Aug. (77 roads).
1st week of Sept. (80 roads).
2d week of Sept. (86roa<l8).
3d week of Sept. (88 roads).
4th week of Sept. (76 roads).
Ist
Net Earnings Monthly
172,484
comparison of the weekly r9>
WEIKLT 0ROS8
Period
877,377
704,893
EAR:<t!Cai<,
,
1891,
1890.
^
$
6,265,121
6.464,726
6.018,105
7,162,754
6,077,880
6,190,992
6,358.600
Tnereatt.-^
Amount.
«
187.241
273,734
259,505
6,S()1,.')S3361,171
6,4'<(i,()d:i
0.179.715
306,338
fi.5-<7.866 6,2s:i,460
304,406
6,:)27.145 6,144,615
182.H30
8..')3T.261 H.0-8,298
448,963
6.2ii2.044 6.167.798
124,246
6,3-'x.873 6,209,902
118,971
6,358, MiO 0.312,682
45,478
8,674.160 8,926.206 108S252016
6,360,229 6,22s,02O
132,209
6,391,203 6,2!)3,125
97,7S3
6,320,003 6,173,.502
140,506
7,930,910 7.26d,3M4
665,326
0,379,906 5,832,189
647,717
6,672,339 6,122.972
549,567
6.7S0,07l 6.2 10,040
540,031
9,997,313 9,.'42,895
754,418
7,120,224 6,384,592
535,632
7.281.159 7,II41,(!41
239,518
7,269,400 6,921,116
347,984
9,634,244 9,221,722
432,.322
7,718,822 7.106,190
5.32.632
8,0"l,2i3 7,410,345
630.878
8,091,808 7,519.452
572.356
9,992,084 9,287,191
704,893
to Latest Dates.—Tlie table
lowing shows the net earnings reported this week,
A
P.
el.
8-09
4-43
403
8-31
4-oe
4'84
2-97
555
201
l-9«
0-73
2-82
212
1-55
2-37
915
0-39
8-98
8-65
816
8-13
3-40
503
4-69
7-71
8-48
7-61
7-59
fol-
fuU
roads from which monthly
detailed statement, including all
returns can be obtained, is given once a month In these
columns, and the latest statement of this kind will be found
in the Chronicle of September 19. The next will appear in
Latest Gross Earnings by Weeks,— The latest weekly the issue of October 17.
-Gross Earnings
-yet Earmngt.earnings in the foregoing table are separately summed up as
1891
1890
1891.
1890.
lolliiws:
Roads.
8
S
S
170,869
139,3,34
55,855
53.019
For the fourth week of September th3 statement below Ohlc. A West Mich. Aug.
Jan. 1 to Aug. 31. . 1,130,945 1,025,006
350,449
872,035
shows 7-.")9 per cent gain on 70 roads.
OleT.CIn.Ch.ASt. L.'Aug. 1,266,107 1,130,447
403,023
845,617
Jan. 1 to Aug. 31... 8,687,841 8,440,S55 2,802,206 3,860,670
4(A tceck of September.
July
1
to
Aug.
31...
2,426,851
2,166,641
729,870
671,361
1891.
1890,
Increase.
Deerttue,
Det. Lans. A North. Aug.
130,118
112,495
.32,193
48,700
*
Jan. 1 to Aug. 31...
803,363
S
783,230
330,675
»
344.613
Atoh. Top. &8.F
1,002,127
908,363
05,762
FUnt APero Marq.-.Ang.
239.358
225,024
84,790
63,214
Roads ,i"tlv owned »».
48,734
54,153
5,419
Jan. 1 to Aug. 31... 1,925,7.37 1,971,361
519,202
548,69 8
St. Louis \- San Fran...
228,026
215.318
12,708
KOiids i'tly owned >«.
Mem.
Blr.
Aug.
Kan.
C.
A
92,263
05,423
9,664
34,479
47,921
53.356
6,435
Bait. ,fe oiiio tioutbwest'n
July 1 to Aug. 31...
172,367
178,308
8,554
35,517
75,534
68.217
7,317
Buffalo Koeh. & Piiisb...
79,121
63.347
Mexican Central
Aug.
604,373
476,090
16,774
165,838
179,344
Canadian l'.->oitic
581,000
499.000
Jan. 1 to Aug. 31... 4,629,526 4,136,104 1,593,796 1,373,730
82,00€
Cape Fear A Yadkin Val.
12,909
13,696
787 N. Y. Ont. A West'n.Ang.
296.899
3-i0,098
95,600
69,188
Chesapeake A Ohio
245,995
219,070
20.925
Jan. 1 to Aug. 31... 1.978,001 1,554.918
473,733
336,170
Oblcaeo & East. Illinois..
77,566
75.003
2.561
July 1 to Aug. 31...
595,064
520,181
188,440
149,004
Ohlcawro Mil. & St. Paul..
969,709
866.363
103,346
Chloauo SI. P. & K. Cltv.
Northern Paclflo
Aug. 2,0.34,297 2,120,666
854.8.35
805,608
147,472
117.197
30,273
Chlcat'o & West Michigan
Jan. 1 to Aug. 31. .. 14,718.701 14;09i;il9 6,670,251 6,348,432
51.107
38.923
12,184
CIn. Jackson A Macinaw
July
Aug.
31...
1
to
4,014,773
4,135,982
1,634,350
1.701,005
19,972
19,866
106
Cleve. C'lii. ciilo. ,.t St. li.
434,39-i
391,472
Wisconsin Cent... .Aug.
494.827
502,351
193,582
195.111
42,926
Peoria \. Kastiru
53,641
44,776
Jan. 1 to Aug. 31... 3,302.553 3,326.676 1,131.483 1,102,712
8,865
ColorailM Midland
57,493
52,702
July
1
to
Aug.
31...
975,905
986,031
4,791
373,874
386,563
Denver,ft Klo (Jrande...
254.500
241..^00
10,000
Tot. both Co.'s...Aug. 2,549,124 2,623,017 1,050,417 1,000,719
Detroit Lansing A North.
36,606
83.500
8,106
Jan. Ito Aug. 31. ..18,021,257 17,417,794 6,721,738 6,541,134
Eransv. it Indlanaoolis.
9,115
8.362
753
July 1 to Aug. 31... 4,990,678 5,122,063 2,013,224 3,068,463
Bvansv. & Tcrre Haute.
30,896
29.308
1,583
Fla. Cent. A Peninsula...
Ohio A Mississippi. .Aug.
418,238
411,104
165,889
lft8,345
27,305
27,2C4
101
Flint ,t Pore Marquette.
Jan. I to Aug. 31... 2,704,103 2,691,974
730,966
763,016
77,682
73,967
3,715
G;
July
I
Aug.
31...
U ic Indiana.
to
774,626
242,433
731,514
260,761
69.572
71,258
1,686
It. &Ft. W..
14,119
Oregon Imp. Co
12.939
Aug.
440,610
419,870
140.165
103,735
1,180
6,210
5.884
Jan. 1 to Aug. 31... 2,676,762 2,955,166
451, loa
457,230
306
Gnin liiitik of Canada.
429,511
449.447
19,936 Philadelphia AErle. Aug.
610,324
133,023
434,835
205,148
"ChUago iV Or. Trunk..
67,847
70,387
2,540
Jan. 1 to Aug. 31... 3.309.263 3,823,838 1,3^,160 1,(M4,273
•Det. (ill. Ilav. & MU..
26,863
26.052
811
Iowa Central
Wabash
Aug.
1.373.170
1,194.406
420.185
370,788
43,821
52,649
8,828
Jack.-oiivilli- .Southeast ..
Jan. 1 to Aug. 31... 8.712,312 8.390,765 2.209.085 2.006,387
31,422
22,376
9,046
Kunawiia A: Michigan
July 1 to Aug. 31... 2,663,320 2,310,381
760,383
705,261
9,554
10.858
1,304
Kansas C. Mem. it Birm.
31,323
29.903
1.418
* Cincinnati, Sanduaky A Cleveland Included for all periods In 1891»
Keokuk Sc Western
13.315
10,726
3,589
Lake Erie Jt Western
91,583
91,815
232 but not in 1890.
Long I'lluiHl
87,008
83,023
3,985
The following roads, ia
Interest Charges and Snrplns.
liOUlsv. KvansT. A St. L.
45,052
43.821
1,231
addition to their gross and net earnings given above, also
Louisville it NasbTlUo...
561,335
49.5.748f
65,587
Louis, y. Alb. A Chic
report charges for interest. &c., with the surplus or deficit
89.625
81.1 52
8.473
Louisville X. (). A Texas.
105.46!!
86.182
above or below those charges.
19,287
Louisville St. L. & Texas.
14,640
12.084
2,562
^Jnlrr't, rental*, ite.-^ ^Bal. of Xel Eamt.-^
Mexli an Central
198,493
154,6481
43,845
1891.
1890.
1891.
180a
Mexi. in National
11.5,740
98.6271
17,113
Soad*.
•
•
•
9
Milwaukee L. 8h. A nest.
101,076
126,231
28,155 Chic. A West Mich .. Aug.
32,8-9
21 ,250
34,603
31,060
Milwaukee iV Northern..
57,765
47,26j1
10,503
Jan. 1 to Aug. 31...
186,656
154,036
163,803
317,008
Mo. K.in. A- Tex. (.' r'ds).
305,694
258,717
46.977
Cler.Cln.Ch.A8t UAug.
206,667
192,380
138.0SO
310,643
Hew Y,.rk Ont. A West.
92,362
74,67-.
17.690
JtUy 1 to Aug. 31...
346,167
307,413
422,457
425.204
orfolk .V W.,,t.,rn
198,107
174,169
2H.938
onh.-ni Pai'ilK'
DctLans.
25.951
33,948
ANorth.Aug.
26,242
26,242
008,833
827.895
80.U38
Ohio .V Mi,-i».ii,Ml .
Jan. 1 to Aug. 31...
20.437
310.J43
34,362
310.243
86,236
79,361
6,875
OhU.Ku.r. ..... ..
12,423
17.912
5,487 Flint A Pere .\Isrq. Aug.
86,166
48.625
46,820
16394
Ohl.i -iuili.-rn
[
14,367
15,735
1,383
860,641
130,450
Jan. 1 to Aug. 31...
370.833
18S,094
Peoria Ufi atur.tEvansT"
20.i»03
22.061
i,258
34,716 def.S8,018 def.10,337
Kan. C. Mom. A Blr. Aug.
36,673
Plttsljurg A Western
64,465
59,441
6.024
69,431 tleI.6J,787 det.33,914
July 1 to Aug, 31...
71,341
I
I
—
. .
THE CHRONICLE.
618
& New York Railway through
ment of the Syracuse Ontario
lease to the West Shore Railroad
ANNUAL REPORTS.
LonlsTille & NashTille Railroad.
the year ending June 30. 1891J
Railroad for
of the Louisville* Nashville
report
The annual
elaborate in details and a
very
30
is
June
tndiriK
the year
length on subsequent
nunfber of interesting tables are given at
this company has always
of
report
The
issue.
Lis
oft
pages
regarding financial
&een very complete in its particulars
&c.. and these are matters
affairs tended de t, leased roads,
Chronicle.
,. „^„_
of si)ecial interest to readers of the
the comThe statistics for four years have been compiled
plete foim below for the Cheoniclk.
ROAD AND OPERATIONS
fFor
m
Eqittpjnent
—
LoconiotlveB.
413
229
449
345
480
345
540
410
11,546
14,067
15.710
17,047
.
cai s.
Freight cars....
Passenger
Koadw'y equip.
184
Opertftvtiis—
-
4,334.175
167,067,522
2-38
5,193,630
191,679,111
9,571,866
Average.
Earnings
ots.
0984
0-1 ct3.
cts.
0-970
cts,
EARNINGS AND BXPENSEg.
from-
plight
2-45
9,960,916
1,077,221,842 1,250,836,794 1,293,687,203
106 018.
^pSmlle.'.°°.
5,276,618
192,619,028
2-42 cts.
Cts.
earned
^r,Ce K997,034,232
415
373
270
4.167,916
-.
Pass, c.^rrie(l..
Pa88.car. I inlle 173,292,336
Bate per pnss
2-40 cte.
per mile ....
Freight tons)
'
1890-91.
2,250
1839-90.
2,198
1838-89.
2,161
1887-8S.
2,027
Miles operated*
"
^Mneers"
^sengers
Express
Miscellaneous
[Vol. Lini
1890-91.
1889-90.
1888-89.
1887-S8.
.$ri,OSl,650 $11,325,235 $12,84.5,951 $13,113,9H5
4,800.683
4,704,769
4.0.36.362
4224,413
431,026
42;.770
419.050
'35T 193
427,425
406,294
368.139
350.811
447,625
4««,221
450,010
346,174
Total gross earns ...$16,360,241 $16,599,396 $18,346,004 $19,220,729
Oprraiing expenses
r$4,164.505 $4.45g. 86 $4,752,901
Transport tion...
2.738, 154
2,633,130
2,218.2.16
Motive power
^
l,2(i7,123
1,196.718
1,023.853
10,267,535-!
oars.
MaiBt'nctt of
2.097.670
••
2,040.334
1,868.386
of way, Ac.
1,090.1<;3
1,202.391
1.051,076
General
—
I
Company. The present report is the first complete annual exhibit since the chanaie in
the date of the close of the fiscal year to end on June 80 instead of September 30, as formerly.
The construction account now stands at $151,003,283, as
shown in the balance sheet. During the year the account has
been increased by the following amounts, which have been
expended for new construction $345,891 for land purchased
atsundry places. $89,244 for grading, laying tracks and constructing various buildings in car-storage yards at Mott
Haven and Kamers, $5,793 balance for new passenger station
at Canandaiaua, and $382,467 on account of the new third
track lietween Spuyten Duyvil and Sing Sing.
The total funded debt is now $65,377,333. During the year
Hudson
there were issued $6,500,000 New York Central
River Railroad 4 per cent gold dehentures. making a total
But $306,000 of these bonds were
issue to date of $8,500,000.
purchased during the vear and retired, making a net increase
General improvements of
in the funded debt of" $6,194,000.
the proporty have been charged, as usual, to operating expenses, but certain items have been debited to special accounts. These accounts include, in addition to the amount of
$5,706,464 charged to date in Special Equipment Account, the
following amounts charged since October 1, 1839: $1,063,263
Equipment Account, $1,340,460 inincrease in cost of Road
crease in Harlem Depression Account ,$300,000 decrease in oonds
and mortgages on property purchased for Mott Haven yard.
This makes an aggregate of $8,309,187, against which $8,194,000 four per cent gold debentures of 1890 are now outstanding.
The principal data as to operations, earnings, income and
balance sheet are given below, but the following summary of
total receipts antl disbursements of the year is of much interest:
:
&
&
SUMHART OF FINANCIAL TRANSACTIONS.
'
$1,935,322
Cash balance July 1,1890
72,187
Surplus for year ending Juno 30, 189
80ld.$6,500,000
N. Y. C. &H.Eiv. ER. Co. 4i>.c. g. deb.cert.
6,194,000
306.000
Less bought for redemption
1
Eebate on N. Y. State tax on earuings for
'81, '82 and '83
West Shore KB. Co. bonds sold
8y. G<;n. & Cor. BE. Co. bonds redeemed
8«.741
500.000
3,000
2.850,034
Increase, current liabilities
1
Oper. ex. (exoL tax).$10,267,535 $i0.s26,085 $11,419,092 $12,058,444
$7,162,285
:^(-.,0J-2,T06 $6,273,S11 $7,1-26,912
Neteirnlngs
62-74
62-21
60-59
62-76
Per ct. of ex.to earn.
INCOME ACCOUNT.
1887-88.
—
188«-89.
1889-90.
1890-91.
$
$
$
Net earnings
Income from invesfs
Oa.BB.protlt
6,0<12.706
6.273,3 1
7,426,912
633,686
Total Income. .....
Di'ibursements
6,621,534
6,950,420
8,065,598
7,880,160
375,557
15,000
4,379,803
3,453
238,943
401,112
397,721
15.000 >
4,524,694
4,590,493 i
23,376
90,339
109.4z5
186,203
4,207,629
Beecipts
—
.
Taxes
Bentals
Interest on debt. AC.
Georgia BR.detlcit.
Pens.&AlLEE.det.
Ala. Min. RE. def
528,828
677,109
tiO,658
tl,518,000
11,594,800
:2,405,367
Iiicroase,
723,398
580,«90
291,628
140,230
Harlem BE. construction account
Inciease, West Shore ER. cons, account
Incre.ise, E. \V. & O. ER. cims. accouut
Special equipment account
Less reserve for redemp. of 4 p.o. gold deb
--..
. .
$4,554,688
300,000
4,254,688
$
7,162,235
657,217
410,810
Special dividend paid
Bonds and mortgages on
real estate paid
Stock of New Jersey Jimciion RE. Co
Buffalo
estowu
BE Co
Cr
Stock of
Stock anil bouils of Beech Creek ER. and allied
$4,617,547
companies purchased
4,544,260
Less Beech Creek By. Co. bonds sold
Increase, current Msets
189.992
15,502
Dividends
$11,643,312
Appropriation of Resources.
Increase, eonatructinn account
1I-2,400,0U0
Cash balanceJuly
447,141
100,0(0
100.000
12,685
73,237
2,310,244
$9,034,290
$2,609,022
1, 18i»l
The statistics of traffic, earnings, income, &c., are
the following tables, compiled for the Chronicle
shown
in
:
Total disbursements
Balance, surplus...
6,530,765
90,769
6,824,306
126,214
7,604,323
461,275
7,223,933
656,227
Stock dividends 5 per cent each.
i 4-9.) per cent in stocit and 110 per ceotin cash.
II 5 per oeui cash.
GENBR.lL BALANCE JDNE 30.
18'-9.
1888.
1890.
1891.
Assets—
$
$
$
$
Boad.equlpmt., &c. 72,104,199 73,730.905 77.790,155 88,157,?37
522,131
5'.8,249
471,091
Timb'r,q'uar.rd8,&o..
654,693
1,921,307
1,974,4*4
Stocks owned
2,224,834
4,72 1, ss^
5,.507,2-J4
7,223,039
Bonds owned
5,749,852
4,751, 0-iO
etks&bds. in trust.: 12,027,878 13,9'iii37s 14,447,878 16,121,944
2,'i77,l33
BlUs&iico'tsreceiv.
2,907,420
3,649,822
3,39.1,901
Materials, fu 1, etc.
1,2 8,01
1,282,871
1 ,089,429
1,482,595
719,645
Cash on hand
213,987
493,432
9.:4,319
61."),500
9.33,938
So. & No. Ala. BE...
51,130
3 )3,3S2
Nash. A Dec. BR...
663,391
771,903
846,178
9.ll,0'..7
Other roadiH
46.5,342
807,937
935,032
1,351,422
Blukiiig fund, &c
335,571
419,625
506,435
Profit and loss
1,255,483
t
.
Total assets
LiabUUies'
Stock
Bonded debt*
BUls payable
1
99,834,892 102,837,496 109,755,241 123,304,959
31,518,000 33,112,800 48,000,000
64,046,660 65,726,660 57,643,110
474,229
193,269
683,229
Interest
527,360
531,509
501,446
314,«63
443,(101 tl,0il7.262
Bundrv acoounto....
June pay-rolls, etc.. 1,444,822
1,556,878
1,829,394
Income account
Profit and loss
1,27-2,779
1,508,956
*
t
OPKRATIDNS.
Equipment—
Locomotives
Passenger equipment
Freight and olher cars
rioating equipment
Operationft
1889-90.
1,421
1888-89.
1,421
Miles of road operated
80
—
Passengers carded
Passenger mileage
Bate per passenger per m...
18,289,736
2,096
1.132
1.199
40,588
971
919
1.036
33,826
1890-91.
1,095
34,543
83
123
18,546,886
557,727,282
20.057.234
5'.>7.406.825
o6,-,984,815
1-96 cts.
l-^6cta.
1-93 cts.
16.6 „„„,,,
'1.567
l5,0-i",738
16,208,451
BYeight itou^.) moved*
l-Yeight Itous) mileagi-*....2,790,012.240 2,973, 98,069 2,890.066.04b
ots.
0-76
0-74
0-74 cts.
cts.
Av. rate per ton per mile.
.
*
Exclusive of company's freight.
EARNIXGS AND EXPENSES.
1889-90.
1888-89.
Earnings—
Passengers
Bents
,000,000
Mail and express*
Telegraph
722,600
Interest
,294,.5T4
Other
*
$
Freight
20,804,111
10,979,374
1,733,915
1,090,296
7,793
480,195
345.382
22,499.228
10,919,871
1,709.300
1,043,613
8,595
553,942
273,824
1890-91.
$
21,456,473
11,681,109
1,680.996
2,218,903
11.244
559.577
293,812
80),914
35,4 11,096
37,008,403
37,902,111
Trafflc
9,562,060
Motive power
6,'288.781
Total liablUties.. 99,834,892 102,83",496 109,755.241 123,304,959
Maintenance of cars
Maintenance of way
The bonds deposited in trust have been deducted here,
Includes dividends and " duo sundry persons."
Taxes
2,501,048
3,378,446
774,313
1,321,154
9.987,974
6,448,130
2,222,694
3,523,682
779.510
1,530,140
10,365,628
0,743,992
1,954.185
3 722,522
8<W, 123
1,636,102
23,885,801
T4,492,130
"25^370,852
11, .555,293
12,516,274
66-18
13,531,261
66-94
{Less bonds pledged.
New York
993,=,70
,777,080
6.")6,226
50.935
H Advances, eto.
Central & Hudson niver Railroad.
CFor the year endi' g June 30, 1891.^
The annual report of Mr. Cornelius Vandorbilt, Chairman of
the B >aid, remarks that the present year has been one of the
most important in the history of the company. The milean-p
revenue and general biiaine.^s h.ave been largely increased "bv
the lease of the Rome Watertown & Oijdensbun:
Railroad
and leased lines, the Beech Creek Railroad, and the ac^uire-
Total earnings
Expenses
—
(ieneral
-.
Total expenses
Net earnings
Perct, of op'gexp'stoearu.i.
* I'rior
to
67-39
1890-01 express earnings are included
INCOME
in froigbt earnings.
,VC0 .CNT.
18!i9-90.
Jteeetpls—
Votearniugs
Bebate on State tax of prior years.
Totiilinoome
j>
^,
1P90-91.
$
12,510,274
111,030
12,531,262
12,627,304
12,620,00'i
8-',740
OOTOBBR
10
THE CHRONICLE
18U1.I
mukurxmautt—
Ren tain paid
iDterast on debt
THxes on earnlniCR and oaplUil >took
188001.
188<M)0.
l»4,0N3.3O3
(4,463,100
S,AflO,&35
S,854,0e-t
200.M84
4,024,273
4,024,273
UlvldendM (4 •« per oent)
Keaorved fi>r (lobentiiret
274,806
300,OjO
72,223
UliooUauooiia)
The following ia a ttatempnt of the numlMr of pMwncnt
carried on the elevated railroada in New York, and the gioe*
eaniiogi, nnce the oompletioo of the roads
r«a<* end.
Year end.
Urnl 30. PattriigrTi.
naming: Mrnl. 30. rattmatri.
Barnlnai.
:
l>-7M-7!l..4(t.01.\.181
'-11.757
IH7!i--"i
11,878,088
Total dl»l>ur«ement»
^1740,219
Balance
OEHBRAL BXLARCie JUMB
Stookaauil
1890.
lH-«t
11^*1-87. 158,9«.1,383
4,012,976
1887-H8. 171.520,788
188 •'-89. 170,497,433
Year nut.
8,3I1,07<I
8,973,<133
e,380,50<l
.09,391
1891.
ft
14^.473,164 150,278,885 151,002,283
1,451,776
5,700.464
7,767,913
6,550,204
10,034,635
b'iuil«
$3,3{6,82ft
..•78
.'>iO
..»»3
." :."i20
1.7.19
;
9
equipment
anil
Special oqiiliMUont
188
80.
Auelt.
1889.
Bead
12,978,450
def.338,457
51»
6,723,832
Jmif. 30.
1889-90. 1 a5,8a3,n3a
7,000,56<i
7,-l26,216
l89O-01,18«,7l4,199
3,442.253
4,lfl!),701
2..">«S,S38
.3.371,^115
.'>,2-iO,7'll
2,438,920
3,215,289
2,178,080
468,903
3,()72,S13
3,042,U9
Cash
Harloiu oo stnictloii uccoiint
Jer8ey .1 uuo. const, aoct
Wext Shore oonatruotiou aoot...
B. W. & Ok. construction acot.
Miscellaneous
Now
Year ending
30, 88 ).
33,111,928
60,024,730
58,329,410
18,131.368
l!.89(i,277
1,019,984
Seeond Avenne
Thud Avenue
Sixth Avenue
Mutlt Avenue
17,272
313,160
108,906
379,850
'212;668
Total
10,8383,137 171,398,370 183, 153,178
89,428,300
89,429,100
5«,18:i,-<33
65,377,:i33
457,000
357,000
llUC8
Harlem ooDRtruotlon account.
Past-due bouds
Intereit and rfntaLi accrued
3,339,700
474,751
11,255
3,227,789
.
057,291
6,>55
3,234,456
8,132
891,283
27,y45
3,643,421
931,774
12,835,2ti4
13,584,480
8,98i»
Dnolaliiied Intorest
Dl\ Mends
894,283
27,333
Unclaimod dividends
Wanes, supplies, &c
2,647,'<46
Due othtT
ruods, Ac
West Shorf oonsiruotlon
Profit and loss
1,
'4',7h6
3,890,1)39
1
30,075
3,822,833
2,i)3ii,0().)
aoot...
Total llabUIUes
4,324
894,28:)
0,472
13,22ti,02«
168,383,437 171,398,379 183,353,178
CleTeland Cincinnati Chicago & St. Lonis Railway.
fFor the year ending June 30, 1991. J
The report of the President, Mr. M. E. loi^alls, i« an interesting document, and will be found on anotner page, together
with the balance sheets June 30, 1890 and 1891. Comments
upon the re.>ort are also made in the editorial columns.
The statistics for two years compiled in the usual form for
the Chbonicle are given below
OPGRATI0^8 AMD FISCAL RESCLTS.
:
Uiles operated Jime 30
Equihmeni of O. O. 0. <t
1889-90
1,629
St,
Locumoiivcs
Passcnge r oa rs
FrelRht cars
Optrationt—
Passengers carried
357
316
367
358
15,955
17,386
4,811,640
149,19«,246
2'294 cts.
7,890,916
1,199,144,271
0-094 cts.
earned one mile
Rate per passenKcr |)er mile
Pa.flseniiers
Freight (tons) ourriert
Freight (tousi carried one mile
Rate per ton per mill-
Earnings—
0-683
—
cts.
3,649.505
8,337.130
901,081
12,639,145
12,838,616
1,510,396
1.3 11,173
5,176.297
175.351
1,591,126
1 ,5J3.H6
5,601,975
8,373,418
4,265,727
61-59
8.808.874
4,081.742
66-85
Total
to expenses
80,
1
1
INCOME ACCOONT.
Receipls—
1889-90.
4,265.728
Neteaminga
Rentals, intero^t,
Total
.
'
323,162
4,588,889
4,410,503
1,788,256
936.385
2.123,303
476,1^7
1,320,000
I, -118.3 ..;2
365,764
14,910
3«0,338
10,792
4,425,545
163,344
4,308,942
101,561
&o
Ditbursenuntt—
Interest
Bentals
DlTldeods'
•
Ta-xes
Hlsocllaneoiu
Total.
Barplns...
*
5 on pf d. In both years, and 4 on
1890-91.
4,1181.712
328.7(il
r.et
common In 1889-90 and 3
Manhattan Elerated Railway.
the year ending June 80, 1891.^
The earnings, expenses and charsres have been as
the years given, compiled for the Chronicle
In 1 890-9 1
CFor
follows for
:
Orom earnings.
Op. ex. and taxes
Net
^Ttar ending
Sept. 30.-,
1887-8.
1888-0.
¥8.073.871
5.20I,0A0
$9,080,881
5,422.391
.
.
Interest aud reulals 1.354,080
^I.Ol'J.TSl
Deduct dividends.. 1,300.000
Bnrpliu
30.1800-91.
•«n.9r><>,7 10
5.307.129
5.4.'S3.<!:iO
$4,031,532
$l,.~lOt,<'HO
1.397,8-<0
1,907,404
$2,483,672
1.360,000
f2..V>6.">'<«
$674,407
$923,072
1^976,586
l,6J(i,000
iDolauM ot&or Income.
19,266,408
reduced.
The
principal items of worl^ done on the road in the last
five years, all of which under the English system would be
charged to capital, are given, and the total expenditure haa
been $1,838,187.
The unfunded debt June 30. 1886, was $1,006,598, and on
June 80, 1891, was $594,719, a decreajse of $411,879.
The company should have $090,000 to put the line and equipment in proper condition to reduce operaiing expenses and
increase earnings, and if no new capital is raised the poliv-y of
making improvements out of revenue should be pursued for
two years more.
Operaiiuns, income,
have been as follows
etc.,
on the whole
line for four
years
:
OPERATIOKS Aim FISCAL BKSULTS.
Operations—
18S7-88.
1888-89.
1889-90.
1,143,088
1,232,924
1.217,739
67,2H4,820 76,171, J12 68,94->,115
Pass, carried (Vo.).
PaBe.oaT.one mile.
Rate perpasa.
p.
m.
Frelgnt tonsioar*-!.
Freig't t'noione
Rate iwrtouper
Barningt-
m.
m
1890-91
1.258.404
71,211,360
2-1:1 ots.
1-91018.
2-23 Ota.
2-OU ota.
1,«30,4 8
1,652,318
1.787,038
1.86(!,H3e
2i»7,460.528 272.738.538 283.0.'8,332 248,8 l.'i.0O3
,
0-763
cts.
0-814
cts.
0-854
0-937
cts.
cts.
«
Total
1.433,109
2,26«,672
273,778
1,456,800
2.218,961
279,404
1,492,738
2,433.553
288,454
309,838
3,977,559
3,955,165
4,214,747
4,108,979
1 ,431,686
1,448,735
24ii.8«2
1,355.472
404,663
67h,416
1,338,613
196,796
652,657
1.466,889
2..332,248
Erpr.nms—
Transportation
Bfointonance of cars.
Maint. of way. &e.
Qeneral and taxes..
472.922
415.548
650.782
531,619
2,912,473
1,302,274
2,936,562
1,172,413
IXCOHB ACCOUNT.
1888-89.
1887 88.
$
$
1889-90
1890-91.
1,244,142
1,019.804
1,302,274
1,172,413
1,042,530
Ul.OOO
1,047.671
1,0.^>4,245
1, 066,892
63.000
'80.377
69.000
•96,600
•70,102
1.133.-161
1.193.01S
sor.llO.OSl
deM73.21t
1,219.813
Bur.82,4i9
1,210,052
def 37,639
-119,278
769.546
476,184
2,733,417
2,933.3'Jl
1,214.1.12
1,019.804
.
Total
Net earnings
Netearninus
$
Disltttrsenient*—
on debt
Slukini; fund
Int<-rpat
Miscelliineous
-29,931
Total
Balance
' Includes $50,500 to equipment trust
and $60,500 in 1890-01.
fFor
In 1883-39,
73.0t»0
$30,500
In
1889-00
Comstock TnnncI Company.
August .,1. 1891.
the year ending
The report of Mr. Theolore Sutro,
company has no floiting de it. The
the Pre-ident, says: The
cipital st-jok of the company is $(,000,000, VIZ 3 000.030 shares of $3 each, par value.
The funded debt of the company is as follows:
First mortj^age 4 per cent income bonds, autbocUed
$3,000,000
Of which there are in the company's trtMory
861,000
,
There were originally issued
And redeemed and canceled dnrlng the past year
$3,139,000
231,000
Leaving outstanding
$1,008,000
There waa applied to the payment of the entire interest for the fiscal vear cnlin^ on Septcm'ier I, 1890, the first
moneys received from the mining compauiej for royalty
earned during said year.
Th<a tntrrr^t (oonpons
and 2) amounted to
$85,500
ItHiring on May I, :8 >1
38.160
<
duoon NovemOer 1, 1891
3'>.iaO
i
I.
".
• <i
1891, purchase of bonds, face value,$'J3l,000,
8»,43a
$251,313
There was also paid all operating and extra-irdiiiarv expenses and disburMe-iient.-". and a surplus of ?«W.3I6 lash is
carried for wani.
lainst
>u;standing claim* foi
the Occidi-iit d
'mp«»and .Mtn Silver
1
Total
I
*
(i<>,6H2
106,7 14, 1 9»
165,833,632
'
$618,741
3-2,>
76,IHI7 834
67,789,-275
72,33-<.-29«
61,843,089
18,359,707
nl u ei.n of
o.-<rnlugs...!fa,472.821
Rnlaiioe
^Tear ending June
1889-90.
•$9,388,681
Ix'on niucli
^
3,422,872
8,318,865
b97,408
Erpetisca
Malnten luoc of way. &o
Maiiitcimnoe «»f equip, and engines
Transport:. tlnu and general
Car and eugiue service
Net eart Ines
Per cent of oarniugs
l,221.509,s>61
Year autiiui
./une 30,1891.
The annual report of Presiiie C J. F. Barnard showit tliat in
the charges in 1891 are $60,500 for principal of car trusts and
$73,000 for contribution duo to second mortgage sinking fund.
Poor c.-ops decreased the gross earniufrs. as grain tonnage
alone fell off f55 per cent. The company has raised no new
money since October, 1886, and liie large floating debt has
Passengers
Freight
Express and mall...
4,975,023
162,342,123
2-24S cts.
7,«01,377
$
Passenx'cr
Freight
Mall, express and trackage
Total
1890-91.
1,629
L.—
Year ending
Juiu 30, IS'tO.
33,292.488
Ohio k Ills8i88f()pi Railway.
CFor tlie year ending June 80, 1891.
140,230
LiabUities.
Capital titook
80,128,300
Fundotl debt
67,113,333
Reol cor utp iiiortKaices
657,000
Securiiies acquired from leased
1
179,497,433
.
Total asoeta
passenger traffic on the several
makes the following exhibit
Jte»(.
3,382,163
».S88,681
»,000,710
A comparative statement of
lines in the past three yearu
OwDerghip
in other lines, real
oslatp. .to
Duo bjr itKuutn, Ac
eupi'liex ou tinud
8,073,871
0,O8O,«81
i
THE CHRONICLE.
520
ending on
The ODerating expenses for the twelve months
for
Aueus^ll 1891, amounted to $59,667, against §71,799 6§
annual report.
the eleven months covered by the last
re"The only litigation now pending is the suit alreadydila-
of the
ferred to. It has been prolonged in consequence
w!io have exacted
tory tactics pursued by our antagonists.
great mass of testimony has been taken,
constant delay.
longbetore
and the suit will no doubt be brought to a hearmg
* * *
the close of our next fiscal year."
companies on
" After prolonged negotiations with the
nearly a year,
the Comstock Lode, extending over a period of
A
mmmg
1«!W,
an agreement was reached with them on November 1, i he
basis,
providing for the payment of royalty on a new
until tde
details of this agreement were not finally arranged
month of March, 1891, when the new contracts were executed
mining
and the suits which had been commenced against the
companies withdrawn."
The basis finally adopted for royalty was a payment by the
mining companies of 4 per cent on the value of each ton ot
"At this rate we fare better
ore taken out. The report says
the
on ore yielding between §25 and §40 per ton than under
royold contracts, and on ore vielding §25 or less per ton the
down,
alty gradually diminishes from one dollar per ton
thereby regulating itself upon the most equitable basis possiThe i)ast year has been an exceptionally poor one in
ble.
which to test the new arrangement. The yield of the Comstock Lode has been considerably less than for several previous years, having been checked in consequence of a temporary "cessation in the extraction of ore on the part of various
mining companies."
The President anticipates that the income of the company
will be increased by contracts with new companies and by
poses of the new company. The notice to bondholders states
that all who desire to become parties to this agreement must
sign the same and deposit their securities and certificates of
stock on or before Monday, the 33d day of November, 1891
and it is signed by Messrs. Peter A. B. Widener, R. D. Barclay and John B. Jackson, purchasing committee.
Cincinnati Jackson & Mackinaw.— Acting under decrees
from the circuit courts of Ohio and Michigan, and in default
of mortgages made by the Cincinnati Jackson
Mackinaw
Railroad Co. in favor of the Central Trust Co. of New York,
special masters B. F. Wade and H. F. Carleton sold the road
in the United States Court at Toledo on Tuesday, the 8th inst.
:
other plans to be carried out soon.
EECEITTS AND BISBUESEMENTS SEPT.
Dr.
Bal.on liancl Aup. 31, '90, $53,213
Boyalty (#107,630 only
333,747
for 1S90-91)
5.''>6
Kejits
1,
1890, TO SEPT.
Or.
Disbiirsetnentstn Nevada. $52,781
13,271
Disbursements in N
Extraordinary disburse-
Y
$396,690
23,829
ments (litiKation)
Interest paiii
3,660
3,Oo6 Paid for bonds bougUt. .
2,427 Balance, cash
CultlTation
Sundries
Interest
1891.
1,
11 3,o8()
.
[Vol. Lin.
89,433
103,695
$396,690
&
The sale was made in two divisions. The middle division,
extending from Cecil to Greenville, about 80 miles, and being
the portion of the road covered by the Cincinnati Van Wert
& Michigan first mortgage, was sold to Gen. A. V. Ritchie,
of Ottawa, for §1,642,370. This amount is said to be at the
rate of par and interest for the firsts and par for the incomes.
The remainder of the road, 248 miles, was purchased by Mr.
F. A. Brown for the reorganization committee for §2,525,000.
The Bondholders' Committee are at a loss to understand the
large amount bid for the middle division, and should the sale
be confirmed it will give them a larger sum than was contemplated. The result of the sale disarranges the plans for
the proposed lease to the Cincinnati Hamilton & Dayton.
Indianapolis Decatur & Western. In regard to a Chicago
dispatch stating that an application for a receiver for the
—
&
Western Railway Company has been made
Ind. Decatur
at Indianapolis, it is stated that the trustees of the first mortSpringfield Ry. Co. are in
gage of the Indianapolis Decatur
possession of the property and have been since July, 1889. It
IS reported, however, that a negotiation concerning the property ha=i been pending, and that the petition for a receiver at
this time is said to be for the purpose of facilitating the consummation of matters which could not otherwise be
&
arranged.
Louisville & Nashville.— At the annual meeting of stockholders, held in Louisville, the following-named gentlemen
were elected directors August Belmont, J. A. Horsey, Arnold
Marcus, William Mertens, Eckstein Norton, J. D. Probst, J. 8.
Rogers, Thomas Rutter and Jacob H. Schiff of New York
Edmund Smith of Philadelphia M. H. Smith, John A. Carter
and John D. Taggart of Louisville. Executive officers were
subsequently elected as follows Chairman of the Board of
President, M. H. Smith First
Directors, August Belmont
Vice-President, Stuart R. Knott Second Vice-President, A. M.
Treasurer,
Third Vice-President, W. J. Wood
Quarrier
W. W. Thompson Secretary, J. H. Ellis. The annual report
will be found at length on other pages of the Chronicle.
:
;
GENERAL INVESTMENT NEWS.
—A
purchasing committee of the crediAllcfflieny Valley.
tors of~ the Allegheny Valley Railroad gives notice that an
agreement embodying a plan of reorganization of that company is now ready for signatures. The agreement states that
the indebtedness of the company to be provided for consists of
$4,000,000 first mortgage main line 7-3 bonds due 1896,
$10,000,000 first mortgage low grade division 7 per cent due
1910, §9,.j00,895 purchased coupons of low grade division and
interest thereon, §2,200,000 five per cent bonds dated April 1,
1870, §3C-5)<'08 interest on a portion of the 5 per cent bonds of
1870 and §10,000,000 income mortgage 7 per cents due 1894.
In addition there is also §3,500,000 capital stock. The decision
of the U. S. Circuit Court at Pittsburg ordering the sale of
the road divests the lien of all of the above debts excepting
the principal of the §4,000,000 first mortgage low grade 7 3-10,
the §10,000,000 first mortgage low grade division 7s and
$1,800,000 of the 5 per cent bonds of April, 1870, the latter
being the amount still unpaid and in the possession of the
Sinking Fund Commissioners of the State of Pennsylvania.
It is proposed to issue §30,000,000 four per cent fifty-year
mortgage bonds, principal and interest guaranteed by the
Pemisylvania Railroad §15,000,000 cumulative 3 per cent
first preferred stock; §8,000,000 non-cumulative 3 per cent
second preferred stock, and §5,000,000 common stock. Of the
§20,000.000 four per cent guaranteed bonds to be issued,
$17,100,000 (being tlie principal and 8 per cent additional of
the liens not to be divested) are reserved to take up the said
liens as they mature, §400,000 are to be issued to the Pennsylvania Railroad, the Northern Central Railway and the PhilaErie Railroad to meet the principal of the amounts
delphia
now paid by them to the Commonwealth as guarantors
OB the five per cent loan of 1370, and §1,500,000 in
lieu of a 10 per cent assessment, which is to be paid
by those who are to receive the §15,000,000 first preferred stock.
The balance of 4 per cent bonds, being
one million dollars, is to be reserved for the future purposes
of the company. Of the fifteen millions first i)referred stock
to be issued on the payment of a 10 par cent assessment
thereon, the Pennsylvania Railroad is to receive ten millions
in lieu of the coupons of the low grade division bonds purchased by them. The private holders of the present income
bonds will receive $4,500,000, being the amount ot th-^ir holdings of said income bonds, and §365,000 will be issued to the
three railroad companies who have paid that amount as interest on the Commonwealth's loan.
The balance is to be issued
to the Pennsylvania Railroad, free of any assessment tliereon
heu of any future purchases of the coupons of the low
grade division bonds.
Seven millions of the second preferred stock goes to the Pennsylvania Railroad in lieu
of the
principal and interest of their holdings of income
bonds
$600,000 to the Philadelphia
Erie Railroad and §300,000 to
the Northern Central Riilway for the same purpose
Two
million five hundred thousand dollars common stock
goes to
the present common stockholders, §1,251,050 Ijsing owned
bv
tbe^Pennsylvania Railroad Company. -The balance ot the
new
CCiiiiiuu !.wjcii. IB
u«3 lesei veJ I'ur liie luture legitimate
pur;
&
m
&
w
:
;
;
;
;
;
;
—
LouisTille New Albany & Cliicngo. Gen. Samuel Thomas,
the President, has issued a circular to stockholders referring to
the much improved condition of this company, the payment
of its floating debt of §2,000,000, settlement of suits, &c.
The traffic of the past six months shows a gain of §150,000
over last year. The existing facilities are taxed to the utmost
and
capital
is
needed to purchase more equipment, to improve
facilities in Chicago, to lay steel instead of iron on a
part of the line, and to replace wooden bridges with iron. It
is proposed to issue stock to the stockholders (at some price not
terminal
mentioned) to raise the necessary funds, and a meeting is
called for November 9 to sanction such increase of stock.
New Bonds and Stocks Anthorized.— This item is published
to-day on page 537.
New York City Surface Railroads.—This item is published
on page 537.
New York State Railroads. The roads following have
reported results to the N. Y. State Railroad Commissioners
for the year ending June 30.
Br. a Bright B.-« ^Hr'k.Balh dW. E.~y
—
Gross earnings
Operating exi)enses
Net earnings
Other income
1889-90.
1890-91.
119,799
69,946
116.482
69.470
49,853
47,012
1889-90. 1890-91,
~
S
99,232 103,065
77,245 84,301
21,987
13,761
500
Total
49,853
47,512
21,987
18,761
25,000
15,815
53,489
25,000
10.496
40,198
21,149
3,041
24,912
3,917
4,880
Deduct—
Interest on bonds
Taxes
Miscellaneous, rentals, etc..
Total
Balance
94,304
75,694
df.44,451
df.28,182
33,709
24,190
df.2,203 df.14,948
Northern Pacific.- This company has applied to the Stock
Exchange to list about §4,000,000 consolidated mortgage
bonds, which have been issued to the company by the trustee
under the consolidated mortgage to retire first and second
mortgage bonds, refund branch road bonds, new construction
and equipment. This makes the total number of bonds issued
Referring ,to this new tissue a director of
simply means that the company is
alive, and is meeting and anticipating the necessities of the
times. The business of the road was never as promising as
The company is unable to meet the demands
it is to-day.
made upon it with its present facilities. It is therefore building branch roads and acquiring new equipment. We are
building, for instance, through northern Idaho, and have
already completed a line .into the Coeur d'Alene district,
which has opened to us the richest mining section in the
country.
The Black Hills district a lone will compare
about §43,500,000.
the
company
with
it."
^
said: "It
'^^^
Z:
^Z
.-..«•
October
10,
THE CHRONICLE.
1801.]
621
and tfocmajeata,
jKcpovts
ictwIA
JiMM
Brouoht fonnanl
&
LOUISVILLE
NASHVILLE RAILROAD.
FORriETlI ANN'UAr, REl'OKT OF TUB BOARD OF DtKECTORfl
FOR THE FISCAL YEAR ENDED JUNE 80, 1801.
To the Stofkholdera of the Louisville <& Nashville RR. Co.:
The Board of Directors of the Loiiisvillo & Nashville RU.
Company
submit their report for the
res[)octfiilly
ended June
80, 1801, as follows
<
year
fiscal
:
LENGTH OP ROADS.
The length of roads operated by
which
in
80, 1801,
it
if>
this Company, and of tho. e'
interested, at the close of the fiscal year, Juuc
Ooorgln Railroad and D<!iH!iidenrleii
,
VI ri. Lines Owned, nuT not opbkatkd by tub Compaht.
Cecilia Branch, Louisville to Cecilia Junction (leaMd to
Choa. Ohio it Southwustorn ati|MiO,000 pcranuom)
Cafitai, Stock.
Length in
Mnlii Bti>m— Louisville to NaahvUle
Bar.lslowii Uniiicli—
Hnnlstown
.luiic.
ifilet.
185-2S
to
Bnrdstown.
1737
Branch "rtinlsiown to 8|>rlngtlcl<l
Knowlll.' BraiK'li — I,('l);moii .IiiiK'tlon to Jollloo
Vnlli'V Branoli— C'ort)lii to Norton
Income Account, Fixed Charges,
Profit and Lo»s Account.
General Balance .Sheet.
I.
III.
IV.
V.
VI.
VII.
Bonded Debt
Securities
IIC'.SS
tranded debt, as per Table 4
25850 The
Bonds Is81iei>—
J'riinrion
0'i-7i
niMuUisouT.lvialon— Editefleld Jnnc. to Henderson.. 1S5"25
UaUisouvillc Brnuch— Mndlsouvlilo to ProTidence
16-20
_
151-45
41-54
100-28
PcDKacola Dh-ialon— Flomaton to Ppusacola.
Pensnooln & Atlimtlo UR.— Pensnooln to River Juno.
Pensacola AScliim Dlv.—tJulf June, to Pineapple
Escaml>lu June, to Rci>ton.
W
boro Junction to Shawiiectown.
O'Fallon Branch- O'Fallon Junction to O'FulIon
to Shelby
Shelby to Calora
Shelby to Columbiana
.
208 '00
125-89
-SO
-63
11-57
1-20
12-77
*
27-08
9-01
Brown Ore— Spiir^Oneonta to Champion
Gate City Branch- Boyles to Trussville
Red Gap Branch—Gate City to Graces
Helena
& Blocton— Hel.
(Tacoa) to Plncy Woods.
1-18
4-30
3-50
17-14
10-28
10-C
cent BoniU
2907
2,498-11
n. Ln«Es over which this Compast Run its TRAiyg,
THE Earnings of which Accrue to this Compakt.
Birmingham Mineral RR.— Blocton to Bl'ton Juno.
7-91
Piuey Woods to Blocton.
14-41
19-10
4-13
to Sheniyi-Ule
to a. LoulavUlo.
Operated for AccotrNT op the South & North
Alabama Railroad Company.
IV.
RR.—New Decatar
Wetumpka Branch—Elmore
to
V. Operated
COMPAKIKS.
*
$10,545,000 0«
The General Results from operations for the year are
$19,220.729 62
Gross Earnings
1-J. 0u)?,444 59
Oi^ratlng Expenses, 02*74 per cent
Trafflo,
$7,162,28403
37-26 per cent
Deduct Charges against Income—
Interest, Rents, etc
$4,207,629 40
410,809 55
4.619.438 95
182-37
6-30
Wctumpka
Nashville system
Net Earnings
Adi>— Income from Investments
GeorgtaBaUroad Lease Profit....
$2,543,84508
$657,216 85
60.658 13
under Lease for Accoi^t of the Various
$3,261,72011
Deduct—
Loss on Pensacola * Atlantic RB
Loss on Alabama Mineral Railroad
30-90
2«-72
St.
Louis Railway
Deduct2«« per cent
January
A
Cash Dividend declared
7.
1801
_,_„
$1,900,000
Caah Dividend declared
1.200.00000
«.1891
2>» per cent
THAT OI-KHATESTHK RoAD.
A
810-00
<t
Uud
Kashrille Florence
Net Surplus for the year
84*00
Mines 4-49
The average length of roads operated was
showing for the year as foUows:
88-40
&
Sheffield
205.493 70
$3,050,236 41
Net Income for the year
87-42
Nn.«hvilln Hallway—
Owenslioro to .Adairvllie
River Br'h— Pcnrod to Mud Rlv.
..„._«
$180,991 ,8
15.5U1 02
10-.">0
10-02
8-38
VI. Lines in which -niE Company is Interested asJOwser
OF A .M.i.ioniTY ok the Capital stock in iue Company
Nashville Chattanootra
_,_-,_,«,
2,851-42
Division Cumberland ic Ohio—Comberland & Ohio J miction to Oreenahurit
northern I«iv. Ciunti. A ().— Slieibyv.toBloomfleliL
Otaagow RR.— Glusifow Juuction to Glasgow
Elkton <Sc Guthrie Rl{.—]':ikton June, to Elkton...
Jfammotb Cave RR.—Glasgow Jnc. to Mam.Cave.
„
448,000
to
Bonthem
Owensboro
2.000,000
Bonds redeemed
Xaxes
188-67
Total LonlsvlUe
209,000
$10,993,000
Total
LKS.S—
Not earnings from
142-32
South & North Alabama
Hontfcomery
eral Trust Bonds
Fensaoola <& Atlantic First Mortgage
Bonds, assumed on account of the pur.
chase of the Peusacola & Atlantic
Railroad, not owned by the Company. .
GENERAL RESULTS.
22 32
KR.— Anehoraife
In the
Company $2,536,000 of
Increase
tn. Operated frdbb Lease, Earnings in Excess of
Fixed Charges Accrcino to this Company.
Nashville A Decatur RR. Co.— Nashv. to Decatur.,
119-09
Phelliy
$8,784,000
Treasury of
those bonds.)
There were Issued for construction and
new equipment of the Birmingham
Mineral Railroad, Five per cent Collat-
(Note —There remain
the
248-43
178'51
140-39
5-00
Mobile * HFonfeomery- Mobile to Montgoraery
Orleans A Mobile UK.— N. Orleans to Mobile.
Pontchoi'tralu ER.— Pontchart. June, to Milenb'rg.
New
1,671,000
Maklngatotal of
4933
18-46
£atUl Junction to Rowland
31,000
bulldiDgs, bail.isr, equipment and renewals of bridges, Unltied Four per
101-84
Maysvllleto Paris
Paris Junction to Loxineton
$185,000
207,000
25,000
Outstanding June 30, 1891
$66,722,660
Showing an increase over last y'r in the bonded debt of
$10,545,000
The increase in the bonded indebtedness is accounted for aa
follows:
There were issued for the eeneral put*,
poses of the ComjKiMy and for tlie purchase and completion of the Alabama
Mineral Railroad UnlUcdFour per cent
Bonds
$5,000,000
There wore i'-sucd for the construction
of the Cumberland Valley Branch Uni1,774,000
fied Fouri>ereent Bonds
There were issued for second tracks.
Unified Four i>er cent Bonds
339,000
There were issued for miscellaneous bcttcnnents, .such as side tracks, station
150-67
Bailway Transfer— East LoulsvUlo
Deduct Bonds Redeemed Durino the Year—
3 65
49-30
4-05
^
Kentucky Central RailwayC'ovluL'ton to Livingreton
10,993,000
^07,170,660
448,000
6-00
^^~^—
8-02
—
8,781,000
Evansv. Henderson & Nashv. Div. Bonds
canoolod tor the Sinking Fund.
110-00
10-70
5-19
Blue Creek Ext<^nslon— Blue Creek Junction to
Blocton Junction
Dudley Braucli Yolande to Brookwood
Ploufcr lir.incli— Chambice to Gocthite
Huntsville Braneh-Bessoitierto Oneonta
Gurley Creek— Village Siiriugs to C^mptons
Limestone Spur
Belt Creek- Palmers to Comptons
PS6,177,660
2,000,000
Six P.O. Collateral Tr. Bonds reileemeil.
Cecilia Br. Bonds cau'l'd for the Sink. F.
9-54
South Braneb—Graces to Bessemer
Uuscoda Branch—Sloss to Muscoda
w««
$209,000
,
11-36
41-00
^-^~~~~
Blmilnirliam Mineral Railroad—
Koith Hraiicli— Magella to Brick yard Y.
Alice lirancU
Fossil Branch
last year's report,
Five per cent Collateral Tr. Gold Bonds
Uiillltd .lOyear 4 per cent (JdIiI Bdiids.
Peusacola A Atl.lat M. Bonil.s.;j>3,000,000
Less deposited with Central
Trust Company Trustee. . 1,000.000
General Mortgage Bonds canceled for
the Sinking Fund
Sbawneetown Branch— McLeans-
Alabama Mineral KB.— Att,aUa
BONDED DEBT.
lOHIUi
07-00
,
.
Company.
35-01
29-36
Cincinnati Division— LoulsvUle to Newport
LexlnKtim Braneh— LaOtrange to Lexlnitton
I/OuUvllIe Hatrod's Creek & Wcstport— Louisville to
Prospect
8u Luuu,
lolou— KvansviUo to East 8t. Louis
161-00
^. .
j»*i.
the
Gross Earnings, Oper. Ejpen. and Net, br months.
Gross Earnings, Oper. Expen. and Net, "summarizej.
20 07
171*20
C'liiik-.\
etc.
in detail.
Owned by
C'lMiilii rlniiil
Line— Mcinplits .luuction to MeiupbU
ilk' A Princeton Dlv.— Princeton Junction to
^t-OO
4,70e-S0
The eamin((8 and expenses in this report are base*! on kn
average of 3,250-83 miles, as shown in Table No. VI. Attention is called to the tables submitted herewith for details of
the year's business
^
Hiiiiiiu'li'lil
MinilOils
721*00
Total mileage
II.
Owned Ab80h:tely or Tnaonon tub OwsERsmp op tub Entire
,
j/nrao
vn. Lmmi in wnii-ii tub Tompant m I.rrBRKirreD a* Jonrr
LBmKB WITH THE CENTRAL RAILROAD Cu. OP GBOROIA.
as follows:
is
„,,,
Railway—
3,,oo.ooooo
$656.226 41
2,830-33 mile*,
i890-oi.
Columbia to Shellleld
82-13
West Point Branch-Iron aty to Plnkney.. 11-78
„ .
Henderson
Bridge and Coonecting Track
03'91
lo-06
.
1,002
-m
i
^89-90
Gross earnings per mile
Operating expenses per mile
•l-5tlS
ft,353 0*
5f^M
o.ii»»o»
Set earnings pcrmile
$3.183 79
$3378* .»
THE CHRONICLE.
622
The growth of
traffic is
[
Brough t Foricard
IMPBOVEME^T8 AT
shown by the following table.^
•a
99^4<3<>4 *J
ORLEANS —
57
113 02
$3,.'i92
Claiborne Street trades
Safety gates and -watcli house
SIS
&£
NEW
Improvements at Penbacola
Dredging Pensacola Bay
$3,706 59
—
*^^'*J2 n?
r,iS2<
24
1,970
584 48
61H 84
SoO 36
Track scales, Muscogee wharf
Water suppU Muscogee wharf
Additional warehouse, Muscogee wharf
Arrangements for handling coal
Arrangements for handling fertilizer
,
$
1881-82..
1,100 7.394,615,
l,7f8 10.812,9351
1.012 11.011.430
1882 83..
i.UU 13.U4.714
16TO-80.
.
1880 81
1B8S81..
IS"
1884-86..
1.
1885 8a..
1880 87..
JS87 88..
1888-89..
1889-80..
1880-91..
14.281,386
13,847,113
l,04t H,076.70.'i
1.94 !i 11,970.992
2.02'; 18.3»0.241
2,1«1 l<1.699.:i0f;
a.lOf 18.846.003
2,261 l»,220,72S
3rt.0:ll 4.O40.4S
8|016,737| 5.128,076
6.823.783 6.437.603
8104.789 6,742.354
812«.60« 4,950,288
8 943,502 6,026,490
10 267,t35 6,092.706
10.82>,n85 6.273..'il0
11.410.092 7,43«,911
:2,0.8.1-14l 7.162.284
.
*
I
3,505 27 2,70.') 68 56-44
2.303 71 6r,33
.3 749 23
3h54 1312.371 39 61 -as
3.970 1212.546 09 60-ii8
4.417 30I2.722 14 61-87
58-63
i 074 38 2,888 76
4.181 3.i|a.5 17 C8 62-15
4.60rt 85 3.100 81 59 77
6.066 30 3.005 77 02-76
4 776 07 2.902 11 62-21
6 104 113 3.378 56 00-59
6 ,368 64 3,182 79 62-74
I
6,210 85
6.11-2 94
6.229 02
6.626 21
7,139 44
6,961 13
6.728 41
7.707 66
8.071 lit
7,679 08
8.573 19
8,641 33
I
CONBTBUCTION ACCOUNT.
and
The expenditures during the year for improvements
additions to the several properties are as follows
Cabs Boilt iu Compawt's Shops' V'SSq ??
1 General Manager's oar
*-^y^ \^
2 bRKgaee cars
*>
1 wrecWnK car. ..,..•-...-.••---•----•••••••
5,460 25
Charcoal cars, changed from stock cars
—
Pabsbkoeb Cars Bought —
1 parlor vestibule
„„ „co
car
i
Freight Oarb Bouoht200 gondola cars
Kngineb Bouoht—
10 consolidatlin euKines
.">
6 six-wheel switching engines
18r,874 64
6,299 37
8,59487
32,839 28
11,617 40
08
22674
2,704 34
2,213 32
Tracks in new yard, Oak Street.
Newmachinery.Louiavilleshops $2,935 99
!/«»»— Machinery transferred
to Alabama Mineral Kuilroad.
1,490 00
Sand and
,icrap-iron house. Tenth Street...
a -t connection
City cisterns. Tenth and Lexington streets
and Tenth and Maple streets
Filling Wnter Street yard
Fencing right of way. Water Street to Bear-
"
A"
sti
grass Creek
1,445 99
281 11
1 ,209 74
73200
2,097 19
1,15482
between Floyd and Preston streets.
Safety gates, Floyd and Fulton streets
Filling
Improvement track, ic Market
.
St.
yard..
Coal chutes at East Louisville
Undergrade, Pope and Charlton streets
Improvement South
Louisville yard
1,359 51
Underpass
Water supply
I>raiDing shop yard
New
tracks
TnusksoalcB
New machinery
Filling and grading yard
IMPROVEHCNTS AT
New machinery
397 49
Bhoptrncks
Fencing shop yard, &o
Grading and curbing Fourth and Sixth aves.
IMPROVEMKNTS AT EAST
ST.
385,005 77
Track scak-s
FlUlngpond
IJTPBOTEMENTS AT NASHVII LE—
Reconstructing East N-shville yard
Coal bins, Ea*f Nashville
Track to Bush's biick-y^rd
Tr«okdown Front Street,
77,265 23
„,-,„._»
$4,205 76
2,932 01
18o 01
7,322
33,725
14,329
3,996
2,368
78
87
15
57
70
.
English on Cincinnati Division
Kentucky Cent BR. oross'g at Milldale
Breeden'e Hollow, Springfield Branch.
5.001 74
$6,326 45
900 06
697 35
7,923 86
•
—
4,285 50
5,421 47
632 97
4.795 16
194 61
2,.?69 76
1,604 74
348 25
218 .50
367 63
634 54
13 10
960 00
noil
22,^00
79 33
11000
—Depot scales, signals, &o
754 06
110 20
2,770 19
174 81
136 23
A Princeton BB.
$1,716,602 77
DEDUCT-
5,546 48
For material received from side tracks taken up.
.$1.7U.056J9
Total
$15,99131
1,24259
1,011 10
1,1 »9 98
7,096 26
COST OF ROAD AND EQUIPMENT.
There has been expended during the year $3,295 16116,
which has been charged to the cost of road of the following
Divisions, viz.:
Main Stem
New Orleans
26,541 24
$3,12908
513 01
3K3 17
198 30
400 88
&
^"5'SISSS
Division
Birmingham Mineral Railroad
Springfield Branch
KSioiville Branch
Cumberland Valley Branch
Memphis Line
Clarksvilie
'*^'
.
St.
4,604 44
-
Princeton Division
Louis Division
Pensacola & Selma Division
Pensacola Division
Louisville inoinn:lati &'Y,exYnetbn'RaiVway.'.".'.".'.'.'.'.'.'.'.'.'.'.'
Louisville Harrod''s Creek & Westport Railroad
'
S5
1,01757
.',6 '9
7753
6,10133
^'^•^24 §V
1,79",097 bi
Sl.825 14
1.503 27
88,718 51
61,999 42
4B0 37
15."70 77
209.746 84
1,145«»
$3,295,161 16
There has also been added to the cost of road the cost of the
Pensacola
Atlantic Railroad,
459 91, and the cost of
&
87
Sn n3
14
??•;
J'liill
Henderson Division
$2,341 90
$30''
83,237 88
11,031 01
at Guthrie,
Interchange with Vauderbilt Steel & Iron Company,
Boyles' yard
Connection with Paducah Tenn. & 41ft, RB. at Paris.Tenn.
Retaining Willis o-i Cincinnati Division
Widening approach to Eagle Tunnel, CI clnnatl Dlv
Widening tunnel No. a on Knoxvllie Branch
Oil-storage tank at West I'ascagoula
Draining tracks, miles 30 anil 67, Cincinnati Division
Draining out, mile 11«, Main Stem
Drain tile in wet cuts on Main Stem
Guard rail on Baker's Hill, Henderson Dlvisiou
Pond drain at Parksville. Knoxvllie Branch.
Pond drain at Laerange, Cincinnati Division
Watei Supply at McKenzie
Semaphore signals on Cincinnati Division
Change in line at ten-mile water station, Cincinnati Dlv.
Inoll ne a t Scranton
3,389 69
LoCIS—
Raising erade, Missouri Avenue
Raising grade, St, Clair Avenue
bill
Sundries
34,286 58
N«W DBCATDR—
Water supply
Difference in weight of 70-lb. rails replacing
lighter rails on 106-58 miles
Telegraph Li.><EB—
Louisville to .Mlddieshorough
Louisville to Cincinnati
Connecting Louisville Terminal Office
Evansville, safety gate
Ditching on lino. Cincinnati Division
Diffeienoe value ties replacedon Claiksv.
$2,423 76
48 62
397 81
iHPROVKMI-irrS AT HOWKLL*—
Building- Office, store-room, Jeo
83,763 65
6ri,489 92
6,175 50
60.796 90
3,318 23
762 58
12,424 42
Sidetracks on line
Cross-over tracks
Underpass at Columbia
160 79
6,7-3 32
3,603 47
Ihprovemekts AT Rowland—
T«rd tracks, turn-table, ike
IMPHOVEMKNTS AT BOWLI O ORBKN.•
1,051 88
1.099 17
- • •
siding
material,
1,46154
Telegraph otlioes
Tool and watch houses
Fill at
Fill at
Fill at
side tracks, Lou'vllle
taktn up
W.-iter siatlons
.,
on Henderson Division.
Overhead Bbidges— Maplewood, Main Stem
Campbellaburg. tinclnnati Division
Mt. Pleasant, Nashville & Decatur Dlv
Reynolds, Nashville & Decatur Division..
Godwins, Nashville & Decatur Division
2,437 16
if2,931
^=o 06
/^o
$14,^58
9,6ft3 88
*'?^? 1?
«.,
Depots, platforms, etc
Section houses, fences and wells
Coal
63739
36,653 07
yard....
tc»» -Value
2,665 06
112,574 87
227,906 34
.
Ke-nrrangement and additional freight facilities. Ninth and B'way— buildings and
Exten iug
new machinery
Bridges
.
3,00143
$39,090 23
platforms
Granite pavemeot, south side Broadway..
5,651 31
$1,970 54
694 51
tracks
Be»l estate bought
Culverts
Fencing on line
Right of way
Raising Grade—
_,_,„,«„
$17,184 96
Tenuessee River bottoms, Memphis Line.
65,995 80
Marsh, New Orleans Division
57 I'i
Teqsas Bwamp, Mobile & Montgomery Div.
tracks
material,
facilities,
Widening embankinents
.
/>«»-Value
taken up
Crossing gates
Interlocking arrangements
Signal towers. Edgetield Juno, and Oxmoor.
Impkovemekts at LomsviiLEUnion I-asscuger Depot, Tenth and B'waj. $38,9"4 83
22,27.'> 64
Train shed, Tenth and Broai'way
3,549 73
Coaobshed, Tenth and Broadway
Annex and carriage shed, TenthandR'way. 10,365 11
2,830 59
Platform, pa.^s'gr depot, Tenth and B'wHy.
andBroadway
' 'oT \ nn
^^x
22
ti'^ 73
Overhead bridges
Filling trestles
42
16,816 93
BroadwBy
Paving siilcwalk, passenger depot, Tenth
andBroadway
Grading and draining grounds, Tenth and
Broadway
Tracks and ballast, passenger depot. Tenth
5,992 58
Shops, turn-table, etc
3i;,674
Fencing and wall, passenger depot, Tenth
and Broadway
Water supply, passenger depot, Tenth and
$4,334 01
1,658 57
Improvements at Newport-
Buildings —
79,862 43
„ ,„
S9,012 52
14,ti'40 10
60,276 86
52,45:1 81
East Loolsvilie to Anchorage
IfliUsvllle to South r.ouis-nlle
eouth Louisville to ShepherdsVUle
Shepherdsvllle to Lebanon Junction
Edgefield Junction to East SaehvlUe
Boyleato Oxmoot..
tracks
Water supply
Balla^t
200,535 00
Second Tracks—
180 67
Birmingham yard, changing and extending
Mobile shops,
•,„«.Q,^«/^
S10b,580 oo
53,950 00
40,005 00
len-whet'l passeuger engines.
6192
Improvements at Birmingham—
Yard
88,432 79
t
$118 75
Tra ck scales
Filling shop yard
iMPR'ivEMEUTg AT Mobile —
o
SS'S5„ i"
70.8 0» io
14 passenger ears
15,911 47
Improvements at Memphis —
FUllngwell
$22,009 31
VOL. nil.
$3,703
the Alabama Mineral Railroad, $2,524,711 27, both of which
Nashville syshereafter will form a part of the Louisville
46553
5,9''6.56
&
7,617 13
14,312 09
tem.
OOTOB.K
10
.K»l
THE CHKONICLR
J
In adilition to the foreeoins, tho discount on the Uninsd
flfty-yoar four-per-ceiit Gold MortKai^e Bonds sold, has been
'oharged to the ooat of the following Uiviaiong, vii.
»20S,987 80
B8.071 88
llx,20U3U
150,940 H>(
17!),«34 3s
Main Stem
Kiioxvlllo
Branch
MmmihlK Lluo
Ili-ndormiii Wivlnlon
lA>uUvUle Ciuciunatl
A
Lexington Divlglon..
*843.75<i
(10
MakliiK tbo total luMltloiito th* costot road tortho year. $I0,3A7,082 33
77, 7UlMrt4 H3
WUloU uaaeU to tlio cost of roadjune 30, 1890
Bhowi the total cost to June 30. '91, at i>er Table No. 3.p^,157,238 98
COST OK nRANOHES.
Alabama Mineral Railroad. Thtre was charged
—
to
tliis
There had been previously
line duririK the year $811,843 49.
chnrgca $1,612,867 78, makin;;; the total cost to June 30, 1881,
$2,524,711 27.
—
BiRMiNOHAM Mineral. There was charged to this line during the year $293,048 57. There had been previously charged
$6,068,889 55. making the total cost to June 30, 1891, $6,357.588 13, which i% repreeented by the bonds and stock of that
Nashville
Company, w'lich are all owned by the Louisville
RR. Co. The total length of this ro«d on June 30, 1890, was
166'32 miles.
During the fiscal year ended Jure 80.1891,
there has been constructed 5-62 miles, making the total length
of the road at that date 161 84.
Cumberland Valley Branch. There was expended during the year on the road west of Cumberland Gap $26,721 90
and on the road east of Cumberland Gap $1,770,365 71, making
a total of $1,797,087 61. There had been previously expended
on the roat west of Cumberland Gap $1,406,558 50, and on
road east of Cumberland Gap $1,337,354 02, making the total
cost to June 30, 1891, $4,541,000 13.
Claaksviuj:: Mineral Branch. ^Therehas been expended
during the year $352,625 36.
&
—
528
Brought funeard
Dkuuct K'>m»
I'
To
•
our
STEEL BAILS.
were
close of the fiscal year
in the tracks—
91,500,000
$00,00$
!(,077.OOO
180,690
3.208.000
103.41)0
8')8,'>00
58,880
60,000
Bond* and
Four pur veut (iold
.ir
Mortnuk'i"
i.i'iiiis
—
Loli.iiiMii-Kniixvlllc
Branch
LoiUsvllle .V Nashville and Mobile A
.Moiitxoniery Tri st Deed Bonds
Ixiuiiv, 'In. .V l.ci. Geu. M Bonds
I'ensiicola
8oluin Ulv. tst M. Bonds.. .
I'eusacolu A Atlantic ist M. Bonds
And alto n* coll. tor Os. RH. Lease
Pensa. A Selma Dlv. 1st U. Bonds
1.1c
To be deducted from foregoing
S50,000
'i
$677,080
$68,682,660
$3,936,880
foregoing
1,060,000
117,600
$88,732,660
$8,818,700
& Decntur 1st Mortgage Bonds. $3,100,000
A Deeutiir Kailrond Stock
2,305,582
North Al >. RR, Htcrling Bonds.
4.496,020
ijoiith & North Ala. UK, iA .M. Bonds
2,00 >,000
Houth k North Ala. RR. Con. M. Bonds....
8,36'2,O0O
Loulsv. By. Transfer letM. Bonds
286,000
Shelby Railroad Kent
Kentiicliv Central Ky, Co. 1st M. Bonds..,
6.523,000
iinysvlUe it LeiluKton KB. Co
400.000
Covington & Lcxlngtou 5 per cent Bonds.
219,000
$147,000
135,384
371,164
130,000
168,100
23,880
15.000
Total Loulsv.
A Noabv. RR. Co
Nashville
Nanhvil e
South
it
. .
3t!0.e20
28,000
10,030
$21,652,502
M70,37$
RR. debt and Interest... $66,723,660
Other companies in the system
21,652,602
$3,814,760
1,179,378
$89,375,162
$4,008,147
Louiflv,
* Nashv.
DantJCT—
Int,on Louis,
Cecilia
dc
Nash. RR. Bonds In Treas'y
Branch
$148,100
60,000
308,100
30, 1890, there
Total estimated Interest charges for 1801 02..
$4,700,047
MUe*.
Steel Rail*
2,(i37-40
Iron Balla
17880
PAYMENTS ON ACCOUNT OF SINKUfG FUNDS,
3,216-20
There have been added during the year on
new
tracks
BtrmiDKbam Mineral Railroad,
Oumberland Valley DlvlBlon
ateel
Memphis
ClarlcsvUle
Sterling
Memphis Clarksvllle
Sterling
Total
2,22i-00
re-laid with
new steel rails, replacing old steel, at a cost of $213,127 81.
Of this amou t $135,862 69 has been charged to Operating
Elxpense-i and $77,265 23 to Construction Account, for difference in weight caused by replacing lighter rails with heavier
During the year there were 106-58 miles of track
rails.
4 '69 miles of old steel rails from main lines were used to
replace old iron rails in branch lines, and 11-80 miles of new
iteel rails laid in new lines, viz. Birmingham Mineral Railroad and Cumberland Valley Division.
There are in the track, therefore, on June 30, 1891
,
Aug.
1,
$36,980
1392,
12,280
8,00O
20,000
I
ifc
Louisville
Feb.
1,
Cecilia
I
Sept. 1, 1801,
March 1,1893,
June 1, 1b92,
Branch
General Mortgage
South & North Alabama Sterling,
South A North Alatiama .^tirllog.
South & North Aliibama Sterling,
Nashville Si. Decatur Railroad
2,22800
1801-02.
1891,
30.000
50,000
10.000
40.000
300,485
$407,846
Nov,
Dec.
1,
1S9I,
1891,
Mav 1, 1«92.
April 1, 1893,
1,
27,850
53.4HO
27,850
10,000
128.160
Total
GUARANTEES FOR OUTSIDE COMPANIIS,
MiUt.
2,053-89
174-11
•.
IronrsUa
LouisvlUe
Louisville ti Nashville and Sou b
Oct. 1, 1891,
li .North Alabama Trust Deed.. I
Evansvlllo Henderson A NashDeo. 1, 1891,
ville Division
I
Louisville Cincinnati Sl Lexing\ Jan. 1, 1892,
ton First Mortgage
Ixmisville Cincinnati A Lexing^Jan. 1,1892,
ton Second Mortgage
:
Steel rails
&.
Pensacola Division
5-62
6-18
1,000
$0,638,000
tot«l
ToUl
1,000,000
Deduct to secure Loulsv. & Naatav.
and So. A No Alabama Tnut Deed
Bonds tor $1,060,000, Included In
Rent
ended June
*4^'4J0
AdJ'istincnt
Unlii<
—
At the
^tj'SA^
!•« ll-dkii IK Voumoiiiu
ivrrii TiiusTKM.
•'535,509
ETC., 1891-92.
Joint lease of the Georgia Railroad with the Central Railroad Company
of GeorgiaTotal yearly rental under lease
$600,000
Louisville A Nashville Railroad Co's liability for half rental:f300,00O
Of the new steel laid 25-54 miles is of the 68>^-pound pattern and 97-53 miles is of the 70-pound pattern.
By reference to the General Results statement it will be
seen that there was a profit on this lease for the past year of
INTEKEBT CHABQB8 FOR 1891-92.
The interest charges against Income Account for the fiscal $60,658-18.
Southern Division Cum. A Ohio Railroad, guaranteed Interest, $2 1,000
Nashville Florence A Sheffield Ry. 1,920 bonds, guar, interest, $96,000
year 1891-02 are estimated as follows:
Prineipal 0/
.
^61.
.
Conaolidated Mortcafce Bonde
$7,070,000
Cltv ot LoiiisvlUe, Lebanon Braneb Extension Bonds
333,000
tieneral MiirtttaKc Bonds
11,P26,000
Henipbls & Ohio Sterling Mortgage Bonds. 3,500,000
Memphis tlarksvUic & LouUville (<tcrUng
MortgiiKe Blinds
2,015,660
Cei-lli.-iBriinoh l-|rat Mortgage Bonds
8 26,000
Bvanoville Hi nderaon & Nashville Division First Mortgngo Houds
Pensacola Division Kirst.Mortgage Bonds,
Lebanon-Knoxvllle Branch Boniis
oatlieast A 8t. Louis Division First Mort-
«Me
Bonds
Boutbeaet
A
Louis
Bt.
Mortgage Bonds
& Xaslivillo and Boutb &. North
Alabama Trust Deed Bonds
LoulsvlUe * Nashville and Mobile ik MontComerr Trust Deed Bond*
Nev Orleans A Mobile Division First Mort»***?,^'"^*
Orleans
A
"•
Mobile Division Second
Mortgage Bonds
Six per cent Collateral Trust Bonds oalied;
interest ceased May 1st, 1890
Teu-fortv Adjustment Bonds
l^iiisvUle Cincinnati <b Lexington First
Mortgage Bonds
Louisville Cincinnati
Mortgage Bonds
Louisville Cincinnati
ik
''"\JipTteage FIve-per-cent
Fl.ty-year
MortgogeBoud
$404,900
19.980
893,7H0
248,784
121,540
56,875
2.271,000
580,000
1,500,000
135,300
34,800
90,000
3,500,000
210,(00
3,000.000
90,000
BONDS IN SINKING FUNDS.
The Trustees of the Memphis ClarksvUle & Lonisville Railroad Company First Mortgage hold the following bonds for
the Sinking Fund
75 Louis. A Nashville 5 per cent Trust Bonds. $1 .000 each,
$75,000
18 Louis. A Nashville General Mortgage liouds. ^1.000 each.
18,000
11 Pensacola A Atlantic 1st .Mortgage llonds. $1,000 each
11,000
14 Nashville Chattanooira A .St. Louis 1st .Mortgage Tracy City
Branch lii>uds, ot fl.OOO each
14,000
30 Nash. Chatt. A St Ix)uis Bun Air Line Bonds, $1,000 each. 30.000
93 Nash. Flor. A ShetHeld 1st Mortgage Bonds, rl.OOO each.. 03.000
58 South A North Ala. 5 p, o. Cun, Mort. Bonds, «1,U00 eaok.
58,O0O
3 Louis. A Nash, Uullled 50-year 4 p, c. Bonds, $1,000 each.
3,00O
:
1,960,000
1
2,677,000
160,020
6,000,000
300,000
1,000,000
OO.OOO
17,800
$302,000
The Trustees of the South
&
North Alabama RR. Co.
Sterling Mortgage hold the following bonds for the sinking
fund:
98 South A North Ala. Sterling Mort, Bonds, $1,000 each.
$03,000
235 Loalsville A Nashville 5 p. c. Trust Bonds, $l.00J each. 235,00$
5 LouUv. A Nashv. Pensacola Dlv. 1st .M. B'ds,$1.000*ach.
5,000
45 Louiav. A Nashv. General Mort. Bonds, $1,000 each
45.000
.
. .
.
101 Pensacola
A
Atlantic 1st .Mort,
BoncK $1,000 each
101,000
$560,000
1.000
4,531,000
371,880
2,850,000
19»,.'50O
892,000
62,440
3,254,000
1.248,0o0
3,000,000
195,480
74,8«0
180,000
5,129,000
358,450
The Nashville & Decatur RR. Co. holds for
gage sinking fund the following:
its
First
Mort-
1,764,000
88,200
8,784.000
351.360
$78,315,060
(4.514,349
$409,300
'.'on
Fl/ty-year
Four-percent
.
. .
Nashville A Decitur 1st .Mort, Bonds, $1 .000 each
$200,000
Ok Loulsv. A .viishv. Pensacola Dlv. 1st M. B'ds.$l.OuOeach. Ol.OOO
3i> Nashv. Chattanooga A St. Louis 7 p. c. B'ds, $1,000 each.
SO.OOO
'JO Nashv. ChutUnooga A St. Louis 5 p. o. B'dt, $1,000 each.
SO.OOO
70 Tennessee 3 per cent Bonds, $1,000 each
70.000
29 South A North Ala. 5 p c. Cons. M. B'ds, $I,UOO each
S0.009
4.00O
4 Nashville Corporation Bonds, $1,000 eaidi
11 Nashville Corpotatlon tends, 11500 ea^
6.60O
600
2 NashvUle Corporation Bonds. $S0O each!
OOO
6 Nashville Corporation Bonds. $100 each
1.00O
3 Nashville Water Works Bonds. $600 each
1.50O
3 Davidson County Bonds, $500 each
„?"•"'"
InJUed
Inlerett
Lexington Second
A Lexington OenersI
Mortgage Bonds
Fensacola & Selma Division Bunds
rensaeola<V Atlantic First Mortgage Bds.
Five per cent First Mortgage Tnist Gold
OU'^BondM
of
Dlvlaion Second
LonlavUle
Kew
Amount
Gold
THE CHRONlCLEl
6U
South &
The Trustees of the Louisville & Nashville and
for the
North Alabama Trust Deed hold the following bonds
[Vol. Ln.|
Louisville
&
NAsnvibLE Bailroad Company.
1885-6. 1886-7.
Engines
Passenger
sinking fund:
5*66,000
66 Lonisv. & Nasliv. 5 p. c. Trust Boiids, $1,000 each.. .......
21,000
eacli
21 Lou. & Xasli. and So. & No. Ala. Tr. Deed B'ds, $1,000
equlp't.
Freight cars
389
316
10,123
389
311
10,907
1887-8. 18S8-9. 1889-90. 1890-1.
413
319
428
330
457
330
477
11,681
12,215
13,954
14,168
BiRMIKGHAM MCNEBAL Bailboad Compant.
Engines
Passenger equlp't
$87,000
EQUIPMENT.
Freight cars
5
5
7
15
561
1,280
1,287
1,277
OWENSBOKO & Nashville Railway Company.
At the close of the fiscal year ended June 30, 1890, the
2
4
2
4
4
equipment consisted of fourteen thousand two hundred and Engines
6
6
5
5
5
fifty^seven Passenger equlp't.
eichtv-four (14,284) cars and four hundred and
17
32
Freight
30
299
cars
294
effimamtamed
(457) locomotives. aU of which have been
Sheffield
Nashville
Florence
&
Railway
Company.
been
which has
cient condition at a cost of $2,037,434 53,
2
2
2
2
2
on Engines
chareed to operating expenses. The expenditures last year
Passenger equlp't.
2
2
2
2
2
increase of Freight cars
215
4
3
482
488
this account were $2,000,812 79, showing an
outstandKentucky Central Railway.
$36,621 74. The company has no Car Trust bonds
m
Engines
There have been built in the various shops of the company, Passenger equlp't.
and charged to operating expenses, three hundred and eighty- Freight cars
Alabama Mineral Railroad.
six cars, consisting of two passenger coaches, three baggage
eighty- Engines
cars, fifteen cabooses, sixty box cars, one fruit car,
Passenger equlp't.
four rack cars, fifty-five flat cars, one hundred and fifty coke Freight cars
cars, one oil car, two gondola (eight-wheel) cars, one dropPensacola & Atlantic Railroad.
bottom car, eleven boarding cars, one tool car.
10
Engines
10
10
construction
charged
to
and
shops
in
the
built
There were
Passenger equip't.
8
8
8
two
wrecking
car,
car,
one
68
62
Manager's
Freight
cars
60
General
account, one
Recapitulation.
baggage cars, and there were bought fifteen coaches, two
434
393
393
449
480
hundred double hopper cars, making a total of two hundred Engines
334
324
319
345
345
Passenger equlp't.
and nineteen (219) cars charged to that account.
10,927
12,587
Frelghtcars
10,157
14,338
16,083
This makes the equipment as of July 1, 1891, as follows
PASSENGER TRAFFIC
14,284
Car Equipment June 30, 1890
Cliarged to Operating Expenses durins tlie year
Cbarged to Construction during tUeyear
386
219
From this is to be deducted
Cars destroved during the year
Cars sold during the year
373
OTiELeaving a balance on
1
374
1, 1891,.of
4
5
293
Z
2
485
29
43
922
3
6
253
10
8
59
540
416
17,162
The whole number of passengers carried was .5.276,618, an
increase over the number carried last year of 82,988, equal to
1'59 per cent.
The average fare received per passenger was 88 cents,
against 87 cents last year, an increase of 1'14 per cent.
The aggregate number carried one mile was 192,649,028,
against 191,679,111 in the previous year, an increase equal to
:
hand July
3J.7
14,515
•.56
—
per cent.
The number of passenger train miles was 4,453,257, against
4,380,300, being an increase of 1 '64 per cent compared with
Mineral Railroad consisted of twelve hundred and eighty- last year. The net earnings (ler train mile were 47 '014 cents,
seven (1.287) cars of all kinds there were built in the Com- against 44'951 cents in the previous year, an increase of 4'59
pany's shops three box cars, making a total of twelve hundred per cent.
The average number of passengers carried in each train was
andninety (1,290) cars, from which has to be deducted three
box cars," seven double hopper cars, three single-hopper cars, 40'41, against 42'23 in the previous year, a decrease of 4'31
destroyed during the year, leaving on hand July 1, 1891, per cent
The average nijmber carried in each passenger car was
twelve hundred and seventy -seven (1,277) cars.
OwENSBORO & Nashville Railway—At the close of the 11 '92, against 11 73 in the previous year, an increase of 1'63
cent.
fiscal year ended June 30, 1890, the equipment of the Owens- per
The average distance traveled by each passenger was 35'78
boro & Nashville Railway consisted of two hundred and
ninety -nine (299) cars of all kinds there was built in the miles, against 36'10 in the previous year, and the average rate
Company's shops one drop-bottom car, making a total of three per mile received from each passenger was 2*45 cents, against
hundred (300) cars, from which has to be deducted one box 2'42 cents in the preceding year.
and one drop-bottom car destroyed, leaving on hand July 1,
FREIGHT TRAFFIC
1891, two hundred and ninety-eight cars.
The earnings derived from the freight traffic for the year
Nashville Florence & Sheffield Railway.—At the show an increase of $240,791, the figures being §12,547,990 54
close of the fiscal year ended June 30, 1890, the equipment of gross freight earnings, against 813,307,199 55 earned in the
the Nashville Florence & Sheffield Railway consisted of four previous year, an increase of 1'96 per cent.
hundred and ninety cars of aU kinds there were built in the
The tonnage carried was 9,960,916 tons, against 9,571,866
Company's shops two box cars, making a total of four hundred tons carried the previous year, an increase of 389,050 tons, or
and ninety-two cars, from which has to be deducted three box 4'07 per cent.
and two double-hopiier cars destroyed, leaving on hand July
The average rate received per ton was 72 '66 cents, against
1, 1891, four hundred and eighty-seven cars.
73'73 cents the previous year, a decrease of 1'45 per cent.
The number of tons moved one mile was 1.293,687,368,
Pensacola & Atlantic Railroad.— At the close of the
fiscal year ended June 80, 1890, the equipment of the Pensacola against 1,250,836,794 in the previous year, an increase of
42,850,474, or 3'43 per cent, and the average rate received per
<fe Atlantic Railroad consisted of sixty-eight cars of
all kinds,
from which has to be deducted one flat car destroyed, leaving ton per mile was '970 of a cent, against '984 of a cent in the
previous year, a decrease of 1 -42 per cent.
on hand July 1, 1891, sixty-seven cars.
The number of freight train miles was 8,001,118, against
Kentucky Central Railway.— At the close of the fiscal
year ended June 30, 1890, the equipment of the Kentuckv 7,825,190 in the previous year, an increase of 2'2o per cent.
The net earnings per train mile were 53'510 cents, against
Central Railway; consisted of one thousand and one care of all
kinds, from which has to be deducted four box cars, twelve 59-355 cents in the previous year, a decrease of 9'85 per cent.
The number of mixed train miles was 315,381, against 331,rack cars, five flat cars, ten gondola (eight-wheel) cars destroyed during the year, leaving on hand July 1, 1891 nine 332 in the previous year, a decrease of 4'81 per cent.
The average number of cars hauled in each train was 17'94,
hundred and seventy cars.
18'32 in the previous year, a decrease of 2'07 per cent.
Alabama Mineral Railroad—At the close of the fiscal against
The average number of tons carried in each train was 167 •43,
ended June 30. 1890, the equipment of the Alabama Mineral
against 164-77 in the previous year, an increase of r61 per cent.
Railroad consisted of two hundred and sixty-five cars of all
The average number of tons in each loaded car was 13'83,
kinds, from which has to be deducted one box car destroyed
against 12 57 in the previous year, an increase of 2 07 percent.
leaving on hand July 1, 1891, two hundred and sixty-four cars!
The average number of miles that each ton was carried was
Locomotives— At the close of the fiscal year ended June 30 75 miles, against 75 miles in the previous year.
1890, the Company owned four hundred and fifty-seven locoGENERAL IMPROVEMENT.
motives there were purchased during the year fifteen conThe new Union Passenger Station at Louisville, on Broadsolidation locomotives, five passenger locomotives, five switcliing locomotives, making in all twenty -five, five of which were way, between Tenth and Eleventh Streets, was opened for
traffic on September 7," 1891.
The total expenditure on this
charged to operating expenses and twenty to construction
acaccount, including tracks, etc., to date, is §310,656 47.
count five of the old locomotives were condemned and
de
Btroyed during the year, leaving on hand July 1,
DOUBLE TRACKS.
1891, four
tiundred and seventy-seven locomotives.
The
double tracks authorized by the Board and mentioned
Your attention is called to the table below, showing the
ex
in the last report have all been completed with the exception
cess of mUeage paid on foreign cars during the last six
years:
of the one from Shepherdsville to Lebanon Junction, a dis1885-86
expended
$22,868 38 "88-«9
$11.3,107 26 tance of about twelve miles, on wliich there has been
1886-87
172,000 00
134,48000 to date §53,481 94, and the one from South Louisville to East
J2n?;R?
1887-88
169,545 04 I'*"'*-''!
Birmingham Mineral Railroad At the close of the fisca
year ended June 30, 1890, the equipment of the Birmingham
;
;
;
;
;
168,636 97
Louisville 4'13 miles in length.
For comparison, your attention is called to the
followine
tables showing the number of locomotives,
passenger eauiiiment and freigh t cars o n hand at the close of each
6t
sue fiscal vears
:JHIfc{^S?^
NASHVILLE CHATTANOOGA & ST. LOUIS RAILWAY.
Your attention is called to the statement of general results
from the operations of
the nast
'^
,
t his
ro ad for .the past year compared
with the year previous :];^3
October
THE CHRONICLK.
10, 1891. J
For 12 mot. endrj
for 12 mon.rntlrd
Junf 30, IHHO.
June
30, isni.
(13,1(43,303 71
OrosK nnrnlneR
OiicratluK cxpvnte*
Kete»rnln(t«
anil taxss
3,13U,S300o
f 1,619,881 35
91,410,610 02
$873,888 S3
(014,798 64
iDtermt
ImproTtmeutg
34
85,88183
$1,057,416 03
*950,270 38
$4S],340I4
dvldvua* paid
9S62.16S33
333,43793
Net surplus
$238,737 35
$117,013 42
142,(117
BurplQR
for the year
333,427 72
purchase not
than two-thirda of the outstanding capital stock of the
Kentucky Central Railway Company, agreeing to pav therefor
on the basis of $1,500,000 of Unified 4 per cent gold bonds and
18,000,000 of South & North Alabama Railroad Company's 5
per cent consolidated bonds for 69,088 shares, being the total
number of shares of outstanding capital stock. Under this
agreement the company had on June 30, 1891, received 69,0tU
sbaref, and had paid therefor in bonds as aforesaid, 83,498,783 90. At this date all but three shares of the stock have
less
been received and paid
To
&
terminal
facilities in Covington, Ky., and Cincinnati, Ohio.
It is believed that the property acquired will be directly
profitable, and that it will add to the value'of your system of
roads.
PEN8AC0LA & ATIJLNTIC RAILROAD.
This road was sold under foreclosure sale on May 4, 1891,
and bought by the Louisville & Nashville Railroad Company
for the protection of its interests thert- in, it being a large
creditor of the Pensacola & Atlantic Railroad Company, and
the guarantor of its first mortgage bonds.
By order of the Board of Director.s,
AUGUST BELMONT,
M. H. SMITH,
President,
Chairman.
REPORT OF THE COMPTROLLER.
&
AccouNTiNa Department Lom.sT:LLE
Railroad Comp.n^'y,
Nashville
Locisvil:.e, Sept. 15, 1801.
Mr. M. H. Smith, President
I submit herewith statements showing
_
Company, and the
from
results
condioperation for the
tlie financial
year ended June 30, 1891 as shown in the following tables
No.
I.
Income Account.
No. IL— Profit and Loss.
No. III. General Balance Sheet.
No. IV.— Bonded Debt.
No. V. Securities owned by the Company.
No. VI.— Gros< Earnings, Operating E.xpenseB, and Net, by
Months.
No. VII. Total Eirnin^, Operating Expenses and Net.
,
:
—
—
—
—
respectfully,
Ccshman Quarkier.
TABLE
QROHS EARNT5GS—
frciirlFt
From nv.uU
From exycis
From mUccllitueouii
T.
431,02580
427,424 35
447,624 53
/^
;
30, 1391.
$13,113,965 40
4,800,688 31
Friiiii |.,i!.-iim.T
DKI'I
£>"'
Comptroller.
I.
IXCOME ACCOUNT, JUNE
From
.
INU EXl'EXSES—
u.sport.-itlon
Motive power
MBUtennnee
Matnten mee
Oenerai
of cars
of way
and structures..
exi>eu:ies
$19,220,729 62
$4,752,90100
2,738,33131
1,2«7.12« 23
_2,097.<!rt9 81
1,202.301 24
Total operntlnc expenses, 62-74 p. c
Net e.Tininirs from traflic, 37-26 p. c
DEDI T 1 l\KI> I'lIAKUbS—
Interest and rents
$4,207,620 40
12.05 8,444
.-lO
$7, 1 62,'^ 8 103
I
Taxes
410,^109 55
$4,618,438 95
Deduct—
Loss on Pens.
,1-
Atl. RR.
tAMODAla. Mlucr'l RR.
$189,001 78
15,501 02
4,823,032 65
$2,33H,351 38
Met eamlnrs.
Add—
Income from Invrstmonts
Georgia UR. U'ose profit
$657.216 85
60,658 18
717.875 03
Net Income
2>« p.
sop.
for the rear. .
$3,056,326 41
c. cash dlv'd declared Jan. 7, '91
(1 .200,000 00
c.cashdlv'd declared July 9, '01
1,200.0UO 00
Net surplus.
30,700 00
3o,<i00
$.1.^0.0(10
BondH
00
18,535 00
636,284 00
constructlni BlV-
nilnKliani MIntTal Rnllroad
and bonds received
AIal>ania Mineral Kutlruiid Flr»t Mortgage
74,031 27
530,000 00
Premium on 1,087 South & North AIal>ama"BaYlroad
Five per cent Consol. Hondx sold
"'
Credits from various sources
22,175 00
O,08t 78
^300,710 05
TABLE III,
GENERAL BALANCE SHEET, JUNE
AmcIs.
COST OF ROAD
80, 1891,
,
AND EQUIPMENT.
Road
fixtures and cquiinneut.t
Keal estate, quarry and tluiber lands
Bonds 0wni:d—
$88,157,236 96
if634,C93 34
INVESTMENTS.
Teu-fortv AfUustment Bondx
Unitled Fifty-year 4 per cent (Sold MorteaKo Bonds. ..
Loulsv. lin. >k Lexington Ry. Gen. .MortKaire Bonds...
f^loss Iron & Steel Co. First .Mort(fai?e Bonds
Eureka Com puny First .Mortease Bonds
KIkton * Guthrie Riiilr.>.ul First .MortKage Bonds
Pensacola dr Atlantic Rallroiit Land Orant
lyoiils. & Nasli. and Mob & .Mont. Kv. Tr. Deed Bonds.
Na.shvllle Iniu Stent & Chareoal Ist, Morteaite Bonds..
Five per cent 1st M. CollaU-ral Trust Gold Bonds
Sundry Railroads and other Bonds
Stocks
Owned -
$519,275 00
00
50,000 00
44,193 25
29,000 00
25,000 00
006.000 00
367,000 00
3,5.30,000
00
2.5.000
316,478 81
33,140 94
$4,-51,0s6 00
$
A Ueeatur Railroad
Owenslioro & Nashville Kailwayj
Nashville Florence & Hheltleld Railway
Blnninj-'ham Mineral Kailro.id
Elkton it fiuthrlo Kallio.id
Louisville New Albany & Chicago Railway
Mobile & M(mtgomery U lilway Company
South & North Alabama Railroad Cumpany
Birmingham Rolling Mill Comi)any
Nashville
87,709 87
15,214 28
600 00
159,250 00
15,175 00
66,000 00
10,543 20
15,183 66
34.600 00
3,498.783 90
Kentucky t'eiitral Railway Company
Export Coal Cciaipany of Pensacola
Sundry Railroads and other stocks
75,iX»0
00
43,837 88
$4,721,887 60
Material and Scpplies— I.s Shops and on Line op
Road
$1,482,594 79
TRUST ACCOUNTS.
Stocks and Bonds ueld in Tri;»t by tiik Central
Trust C«.Mi'ANv of New York, Tkustke fob TkkyOKTY .Vr>J|-STMKNT BONDS AND ITNIFIED FirTT-VEAB
Four per cent Gold Mortgage honds, viz.:
Lonlsv. iNashv. Lcbannon-Knoxv. Branch Bonds
Lonlsv. ANaiihv. Pensacola ASelma Dlv. Bonds
& Moutgomerv
Lcnlsv.
lb
Nashv. Mobile
Loul.sv.
&
N:i8hv. I.«ulsv. Cin.
cSi
Dlv. Bonds...
Lex. R'R. Co.'s Bonds.
Pensacola .t Atlantic Railroad Bonds
Alabama Mineral Railioail Bonds
Stock in Louisville Cineinnati & Lexington Ry. Co
Stock In South it .Nortn Alabama Railroad Co
Stock In Mobile & Moiitifomerv Kailwav Co
Stock In New t irieaas. .Mobile '& Texas R.iilroad Co
Stock lu Southeast A- St. I>ouls Railway Co
Stock In PoiitehartRiin Railroad Co
Stock In Nashville Chattanooga & St. Louis Rv. Co
Stock In Owenslioro A- NaslivUlc Railway Co
Stock in Henderson Br alge <-onip:iny
Stock in Pensae<ila Railroad Company
stock In I.ouisville Railway Transfer Comv>anv
Stock in Biniiingli.im .Mineral Kailro.id l-<niipany
Btoek In .Mabania .Mineral Kailmail Cumpany
Stock luNashvllle Florence A shettield Railway Co
Stock lu UcnderaoD Belt Railroad Company
,..
$1,500.00000
HH«.(IO0
2.ti77.<)0«
00
00
3,20m,ooO 00
1)00,000
00
1.650,000 00
3,070,950 75
1,1-2.5,500
69
3,-272,906 13
304,000 00
4,632 37
4.082.288 75
260,T:i8
48
5O1.000 00
2,H50 00
3i*.777
95
690,410 00
22.5,000
00
60.100 00
19.750 00
$24,421,904.00
J>«fMCf—
Cost of Lou Cln. A I.cx. Ry. Stock,
which having been added to Cost of
Boad Is hereby deducted from this
account
$3,070,950 75
Coster Alabama Mineral RR. Bonds
and Stock, which having been added
to Cost of Roail is hereby deducted
from this account
1,335,00000
Bonds included in Bonded Debt deposited with Central Trust Co. of N. Y.
to secure *-1.93I.OOO Ten-forty Adjustment Bouds and ITnltled Fiftyyear 4 ver cent Gold Mortgage Bnutls,
Which having been dciiueted from the
Uabilttles (Bonded Dcbti, Is theretore deducted from tbi.s account, vli.
I^banon— Knoxvtile Branch Bonds
Mobile A Montgomery Division.
Pemacola .It Selma Division
Loo. Cln. A I.ex. Ry. Gen. .Mgn. Bonds.
Peoaaoola A Atl. 1st Mortgage Bonds
Bonda Ini-ludol In Bonded Debt deposited with the Farmer's Loan 4k
Truat Co. of New Yi.rk, Tniste*.
as collateral for Georgia Ruilrond
Lease, which having been dcduetcil
from the Liabilities (Bonded Debt), Is
thervfore deducted from ttila aecuunt. Pensacola A BeUna dlvlaton.
00
$656.220 41
$30,000 00
Kitllroud Hl<»ck
UliriTcnco liotwcen actual cost of
.
2.4i)0.0f'O
43.300 00
11.908 49
50,034 oe
$1,360,710 08
.
205,493 70
_
roileeuied
CredlU.
Ry donation for shops at Howells' Station
.'<ubacri|itlon from HlioflleUI Land, Iron A Coal Company
Intercut rocelvcd on BonclH In HlukInK Fund
Iiicri-iiHc In valuoof 10,870 sliarcB Binulngbam Mlnerni
&
Very
BomlB
>1 2.'.S 409 *r
»».*«>».««
ly?
Exncrlmnntal survpyn
Uuluuce tuurvdlt of this account Juno 30,1801. ii.'.'iill
for.
It connects with the railroad of the Louisville
Nashville
Railroad Company at Milldale, near Cincinnati, at Lexington,
Ky., at Rowland, Ky., and at Livingston, Ky. In securing
this property the Company acquires a road with an important
local traflic, and one that reduces the distance between all
points on Louisville
Na-ihville Railroad south of Livingston,
Ky., and Cincinnati, Ohio, ninety-four miles; also valuable
IMl.
80,
hnlniirp to tlic (lnt>lt of till*
1, 1800 ...
Ti-n iH-r I'i'iit I'riMiilnm on 21tl liiiiidsroili'einpd forHiiiklnK KuuiliK'i-oinit
(21,60000
Ten ftt cent Premium on 207 nix iier cent
The Kentucky Central Railway Company owns 215-89 miles,
and leases 33-04 miles of railroad, the main line e.xtending
from Covington to Livingston, Ky., with branches from Maysville to Paris. Paris to Lexington, and Richmond to Rowland.
tion of the
11.
Ptbil:
ncroiint July
Cullntorul Trunt
KENTUCKY CENTRAL RAILWAY.
December last, the Company contracted to
In
TABLE
PROFIT AND LOSS ACCOUNT, JUKE
(3,3nO,4«)l 42
39
2,3'J3,722
r)25
Balance.
1.500,000 00
2,677,0<)O00
«;lH.O<HKSl
1,000,000 00
850.000 00
14.02S^9597l»
$10^2,944 8t»
THE (CHRONICLE.
626
Brough I forward
• •
%ilo,tbo,443 °7
•
1
$5,129,000 00
Trust by Farmers Loan&Tbdst
BONDS
Company OF Nkw York, Tbcstkb fob Geokoia
LeaseBaileoad
_„ ^„
Bo ith & North Alabama 5-per-cent
00
$250,000 „„
-•-•Consols Bonds
BEI.D IN
&
Xaelivllle
&
Pensacola
600,000 00
'
BONP8 AND Cash held by trustees of Sinking
"
Trustees Louisville Cincinnati A Lei
Bonds
called
& NOBTH AlABAHA
RAII
466,434 09
Daefrom
station agents
Ek-
40,000 00
Nettrafllo balances
)
2.588,831 16
ASSETS.
due from othei Cos.
Bills receivable— Land notes
Bills receivable—Other notes
—
72 .SashviUe
3,395,901 22
924,348 92
$123,304,959 33
CAPITAL STOCK.
Capital Stock Liability.
am )sequent diyldends
Laud N otes,
*'0000
455.000 00
17,27500
300.000 00
11.10000
14,800 00
S*'"**?!™
6.906,1(10 00
75,00000
etc
1
$10.277,1 04 38
Total
$47,893,920 00
*8S. 18680
1
OoneralMo.tgage Bonds
$11,626,000 00
6lx-per-cent CoUatoial Trust Bonos
Consolidated MorlKage Bonds
Ten-forty Adjiialment Bonds
1,00000
Unified Flft\ -ycMr Fourper-oent Gold Mortgage Bonds
Memphis! larksvilleci Louisville Ir^t Mortgaite Bonds
Memphis & Oh'O liailroart First Mortg;ige Bonds
1-
New Orleans Mobile & Tesas Div. Kirs Murt. Bouda...
New Orleans M.l)lle * Tex .8 IJlv. Second Mort.Bonds.
Peisaeola Division First Mortgage Bouda
Pensacola & Atlai tic RU. First Mortgage Bonds
Branch V\Tf,% \torlgago Boud-<
Evansville Henderson & Nash. Div. First Mort. Ronda.
Louis, di Nash, and Mobile & Mout. Trust Deed Bonds.
Southeast & et. Louis Div. First Mortgage Bonds
aouthetst & St. Louis Div. Second Mortgage Bonds
Lebannn-KiDXvUlc Branch Mortgage Bonds
Pen.sacola & l<elina Dlvl 'U First Mortgaee Bonds
Lenls. (in. A Lex. Ry. First Mnrtgace llonrt
1x>uie. Cln. A Lex. By. Seoimd Mortgage Bonds
Louis, ri'i. A I^x. Ky. Ooucal Mortgiige Bonds
City of Louisville, Lebanon Branoli Exienalon Bonds..
yirat Mortgage 5 per cent .'lO year Gold Bonds
Five per cent (Collateral Trust Gold Bonds
Cecilia
i
7,070.0 000
4,531.000 00
8,784,000 00
2,015.6li0
00
3.500.000 00
S.OOO.Odo 00
1,000,000 00
58i',U0ii
1.500,00000
1,21«,' 00 00
2,8^0,000 00
S-92,(100
00
3,25 ,000 00
333,000 00
,764,000 00
5,129,00000
1
"$76,355,660 00
,
Bonds.
898 Louis.
2.677
3,20'^
1,000
16
50
A Nash.
A Nash.
Leb.-Knox. Br'ch Bonds.Sl .000 each. $1,500,000
'*9t)'999
Pen. A Bel. Div. B'.nds, $1,000 each.
Louis. A Nash. Mob. A M'y. Div. B'nds. -1.000 each. 2,677,000
Louis. ANash.L. C.A L. RR. Co. Bonds. $l,000eaou. 3,-.:O4,O00
1.000,000
Pen. A Atlantic RR. Co. Co. Bonds. :)!1, 000 each
Alabama Mineral KR. Co. Bonds, $100,000 each.... li«OOi9S2
SOiOPO
Alabama Mineral BR. Co. Bonds, $1,000 each
1,.500 Louis.
00
3,000,000 00
826,000 00
2.271,000 00
2,677,000 00
3,500.000 00
8,000.000 00
Bonds Includedln the foreglug deposited
with Central Trust Companv of New
York to secure $4,53,1 .OiH) Teti-forty
Ad,1ustment Bonds and Unified FiftyTear Four per cent Gold Moitgage
Bonds, viz
$10,933,000
Stocks.
—
Sharei
15.000
10.000
20,000
11,274
.,^
A Lex. Ry. Co. ptd., $100 each
$1.-''9S'22S
LonisviUe Ciu. A Lex. Rv. Co., com.. $100 each
'•<'92'X2S
2,000,OW
South & North Alabama RR. Co.. pfd.. $100 each.
South A North Alabama RK. Co. com $100 each... l.lJ'.WO
29,3i)7 Mobile A Montgomery Ry. Co $100 each
"•'•^'Jf'ZSS;
40,000 N. O. Mob. A Tex. RR. Co as reorgan'd. $100 eaot. *.000,000
9,800 Southeast A St. L. Ky. Co., $100 each
9?9'SxX
7.400 Pontchnrtrain RR. Co ,$100 each
'*?'!2Ci
3.38o,000
33,850 Nash. Chatt. A St. Louis Ry. Co.. $100 each
9,634 Oweusboro A Nashville Ky. Co.. .$100 each
SJS'sS
5,010Ue derson Bridge Co., $100 each
521'22i
2,850 Pensacola KR. Co.. $100 each
?SX'X2!
1,000 Louisville Ry. Transfer Co., $100 each
. IS^Svi
19,726 Birmiugham MineraWtR. Co., $100 each
^'SX^-SIC!
13,690 Alabama Mineral RR. Co., $100 each
'-"Sj'SiS
5,650 Nashville Floience A Sheffield Ry. Co., $100 each. ..
S^R-xS;
^19^7»o
395 Henderson Belt BR. Co., $50 each
Louisville Cln.
.
,
.
,
$23.447,850
:
I/«Vianon-Knoxville Branch Bonds
l«uisvllle ft v'anbvlllc and Mobile
A
81,500.000 00
Bonds Included
poilted
with
The Company also owns $2,000,000 South & North Alabama RR. Co. second mortgage bonds, which have been deposited with the Union Trust Co. of New York City to secure
In the foregoing dethe Farmers Loan A
of New York, Trustee,
tor Georgia Railroad
Company
as Collateral
Balance of bonded debt
the Louisville & Nashville RR. Co. $3,000,000 6 per cent sinking fund loan of April 1, 1880. Forty thousand dollars of
these bonds, through the operation of the sinking fund of
said L. & N. loan, have been redeemed and canceled, thus reducing the amount to $1,960,000
and the Trustee holds
$21,000 of the same bonds for this sinking fund, which have
not been canceled. Being unabl- to buy this issue of bonds to
advantage the Trustee bought $66,000 Louisville & Nashville
per cent trust bonds for this sinking fund.
.,,
;
Ijea-e. viz.:
Pensacola A Selma Division First Mortgage Bonds
^380,850
Total
Mont«oracry Trust Deed Bonds
2,677,000 00
PeDsarola A Selma Division First Mortgage Bonds
898,000 00
liOalsTllle (^nclnnatl A Lexington Oen•ral Mortgsge'^Bonds
3,208,00000
Pensacola A Atlantic First Mortgage
Bonds
1.000,000 00
$9,283,000 00
Trust
51 ,707 97
46
,5 45,021
$15,040,245 37
Total Bonds, Stocks and Bills Beceivable
In addition to the foregoing securities the company also
20.993 20
owns the following bonds and stocks which are deposited
106.180 00 with the Central Trust Company of New York, Trustee, to sestock and stock lability
$48,000,000 00 cure the Louisville & Nashville 10-40 Adjustment Bonds and
BO.VDED DEBT.
the Unified fifty-year four- per cent Gold Mort. Bonds, viz.:
Original stock ai'd
nnlBaued
Scrip luued on stooK dividends
_,
„„„ „.
$304,300 00
61,30000
. .
Bills Receivable,
LiaMlUia.
„
A
Decatur BR. Co. Stock, $25 each.
Nash. Kv. Co. Stock. *100 each...
6 Nash. Florence s Sheffield Ky.Co.Stook,$100e».
4,550 Birmingham Mineral RB. Co. Stocir, iflOO each..
691 Elkton A Gutlirie Rlt. Co. Stock. $25 each
3,000Lou. N«w Alb. AChio.Ry. Co. took, $100 each..
111 Mobile A Montgomery Ry. Co. Stock, -lOOeaoh..
14-* South .t Nortli Ala. Hy. Co. Stock. -BlOO each....
346 Birmineham Ro ling villi Co. Stock. $100 each"69,061 Kentucky entral Ry. Co. Stock. *100eaoh
750 Export Coal Co of Pensacola Stock, $100 each..
Siindrv Railroads and other Stoeks
1
6i30weu3boro
Casb.
Total
Stocks.
Sharei
32,
$585,884 31
2.528 79
40,.'>20 66
124,042 00
1,' '97,904 00
108,<i49 99
1,436,97147
. .
Total capl lal
:
$4,763,140 94
7.S8W09
Due from Adams and 80. Br. Co's
Due from U. B. Govt., IV O Dep'mt.
Due from sundry railroads and persona
Btook Issued
1891.
. .
$901,026 85
333,'i81 94
312,503 44
197,334 43
91,0.39 87
,034 14
131,4' 5 52
149,-'43 71
47.077 08
64,v78 73
352,6:i5 36
.
CURRENT
30,
a statement of securitieg owned by Company
Bonds.
$531,00000
531 10-40 Adjustment Bonds, $1,000 each
2.536 Unified Fift>-year 4-pei-cent Gold Mortgage
2,536,00000
Bonds. .+1.000 6 ch
60 Louisville CiuciDuati & Lexintrton Division Gen50,000 00
era M ortgage Bonds, 1 .000 each
43 Sloss Irou & Steel Company First Mortgage
43.00000
Bonds, fl.OOO each
29,000 00
29 Eurok.. Compai y First Mort. Bonds, *l,000eaoh
25,000 00
Bonds,
each.
Railroad
Guthrie
S-500
Elkton
A
.^O
906 Pensacola A Atlantic Railroad Land Grant
906.00000
Bonds. $1,000 each
267 Louisville A Nashville and Mobile A Monteomery
267,00000
TrustDeert Mortgage Bonds. $1,000 e.ich
25 Nashville Iron ^ttel A Charco:il Company's
25,000 00
$1,000
each
Bonds.
First Mortgage
318 Flve-ppr-ceul First Mort-'aue Collateral Trust
00
318.000
each
Gold Bonds, $1,000
33.H0 94
Sundry Railroads and other Bonds
is
1
EOAD TBUST
Mineral Branch
Transfer Co
Ry
page.]
V.
SRCUBITIES JUNE
552 05
$656.236 41
50,93406
$123,304,959 3*
Following
300,197 95
& North Alabama BB. Co
Mobile* Montgoiuery Hy. Co
Northern Div. Cumb. & Olilo BR. Co...
Boutbem Div. Cumb. & Ohio RK. Co...
Elhtou & Guthrie Ry. Co
Nash. Florence * Shetfiekl Rv. Co
Hash. Florence & Sheffl Id Ry. Con. Ao.
New ai d Old Decatur Belt &, Ter. RR.
Kentucky Central Ky Co
le
$7,875,138 86
579 08
& Decatur BB. Co
lioulsvllle
1.200,00000
1,237,50148
756,068 76
TABLE
South
Clarksvl
37,50148
1,
[TABLE IV.—Seb next
ADVANCES.
Nashville
75
702.026 17
107,888 00
.
Total
26,000 00
Deed Sinkiwo Fund Bonis
desmed
.
Due Sundry Railroads and Persons
89.105 91
& Nashville and South
LooisviLLic
1
Total
$50,000 00
Trustees M emphis Clarksviile & Louisville Railroad (Invested)
Trustees Mem hie* larksvllle* Louisville Railroad lunlnvt ste^i)
•
and Aug.
Income account—Suriilus from Operations for year
ended June 30, 1891
Pbokit and Loss Account
CeoUia
of
1
809,914 17
V*fTNDB
redeem
21
31
13
1,777,080 40
Bonds due July
Unprescuted Coupons
Interest on
Dividends unclaimed
Cash Dividend No. 34, payable August
1891
^.^oooooo
00
350,000
Ington Kailwtti aiuuins tuna ......
Union Tru8t Company, New Jiork,
Trustee L'>ui!«vlllo & Nashville and
Bouth & North Aliibama Railroad
Trust Deed Bonds (inves ed).....-..
Union TriHt (;oiin.anv, .Vew York,
Trustee Louisville & Nashville and
Bouth A North Alaliniua Kall.oad
Trust Dppd Bonds (uninvested)
Union Trust Company, New York, to
$3,294,574 08
Rolls for June, 1S91. payable in July...f 837.801
Vouchers for June. 8i)l, payable In July.. 56H,780
Iii9.450
Unclaimed on Pay Bolls
201.048
Unclaimed on Vouchers
Pay
^
Belma Division Bonds
9"4i7^^i<'6<i 00
LIABILITIES.
BUls payable
Birmmghaa. Mineral RRUtMortKage
^3 ^^^^^
Owen»boro ifeNneiiviUe Kallway First l. ^ou.wu »»
Bonds
Mortgage
LonlsvUle
BrmiBM forward
CURRESr
& TBDST
ROKDSHELD IV TBDST BY FAEMKE8 LOAK
5-PKE-CEST
OOMPANV oV^NaW YOSK, TRCSTEB FOB
Bonds—
Trust
_
,,
.
,
[Vol. LIU.
350.000 00
9,633,000 00
$66,722,660 00
The Company
also
owns
$1,200,000
Owensboro
&
Nashviiie
,
UOTOBRR
THE CHRONICLR
10. 1691.]
Ttix Com|>a»y alxo ownn $3.10,0U0 i^uth
RR. Co. |iur <:oiit consolidatMl mortfcaice
Railway Company ftret mortRaKO bIx \teT cent bonds, ami
$3.930, ()t)0 Hiiimn^ihaiu Mini>rul Kit. Co. (irbt niorlKu^t- 5 ptr
o«nt bonds, which have b«!t(U tleposiUjd with tho Farmoni'
I'ruit CIo. to secure the isauo of $5,130,001) Louiavillu
Loan
Naalivillo 5 (wr cent trust bond;).
&
&
IxMimvillf!
&
whi(-h urn
(l(>(H)^iie(l
Na-thTJllo Honsaoola
TABLE NO.
& N
>rth Alnbaou
boniJN, aid $3JM),000
ft Selina
Di7l»i'm boiuia,
A
with the rann»r»' Lo«n
Oeorgia UR. leaae.
collateral fur
80, 1891.
A moun'.
Ooupont Dut,
Satenf
UatitrUy.
imminl of
Inter 'l
City of Louisvlllu. Aooount LobauoD
T©n-f'>rtv AdJUHLiueiit Boutlfi
Branoh Extension
4,ivai.O(io
LoxliiKtou Kullway Flnit MortKage
CoiiHulhliiiud IdotttiaKen, .Main Utem nixl Hraiu-b(M
(1
i.
A
Ohio BaUioad
80-2,000 October
KviiiMMlIu U«. <l>-r80D Sc N.u<>bvllle Kirst MortKSKe Bonds
Ulvlnlon I'irst Moit({ftiio lioiulH
Division Hr>t Morlt^axe Bondn
Six |>ur oeiit (JolliH*r.»l I runt Bunds
New uriuans A Moblie Ui viHiou l^'irat MorMuge Bonds
New Oi'leuus A Mobile Division Bocoad MortgaKe Bonds
2,371,000
680.000
3,aoo.ooo
I.OOO
Soiitlii'.i^t Ji SI. I.<iul8
'
1889.
JuuH
1,
NoTemlier
I,
December
March 1. 19:10.
MnrchI,I02t.
1 '10,500
I,
I.
Augu>t
1.
I.
1.
Ill
Juno 1, December 1.
March 1, Septemltor 1.
March I. Bebtember 1.
Int. cease.1 May
1890
January I.July 1.
January I, Jnli 1.
June 1, Derember I.
Mav
May
May
f'Hil-dMay 1,1890,
1, I'slO.
March
404.000
348,784
1-2 1. 6 10
50.875
02,440
n.5,300
34,800
210,000
1.
Soptoniber
April 1, October
10,1)80
371,860
I.
I.
Deoeuiber
(February
March
1U07.
1, i019.
1, l!»30.
1 .
May
1,
1,
November
November
I,
Novenibpr
8uo,000
60,000
603,780
3,000
256,450
1.
1.
•
8*<,200
1.
March I, Hciitember 1.
January 1, July I.
February 1, August 1.
IH80.
8,7m I.OOO .Iiinu2. 1910.
2,0UU,UUU August 1. l)«21.
,1,01111, (XMI
I,
Jaiiunry 1. July
April 1, October
lie 1, 10.10.
s.ivomber 1, 1931.
5,l.:i,n.j,. -.civuintier 1. 19:il.
l,7t;.i.ti(Mi
1, 1937.
Bonds...
IS, Oouiber 10.
I.
90,000
1.360
120,000
3.')
*<>H,722,6«0
•3,818.769
$l,0<H)o( thusa bonds drawn fDr.SiuKlui; l''u id, due -laroli 1. Liito, but not preseaied for redemption. Interest ceased on Septemlx
AU ) liz J, JO of those bonds driwn for rjinklnu Pun 1, duo March 1, HJl. Interest will ovuo on September 1. I89i.
f l.OOJ of these bjuds drawn tor Hiuklui; fund, due Decoiubur 1, 1889, but not presented for redemption. Interest ceased on Deoember
u.
1800.
1,
Innunry
ll,ti'J<;.l>IMI
.'lO <MI<)
Hfty-year lour per eenl Hold MortftSHge Bonds
Fensaoola A A.. iaaUc Kallroad First Mortgage Bonds
1
May
isul.
fl.Ooo.ooo .Taiiuary
1,001 >.OIH)
UniliiicJ
1,
1,
!i.0I5.6(iO AiiKnBt 1, 1902.
8'.<e,ooo .Siaroh 1, 1907.
I'im-uii.ili
e. Ooiii~r 1 .Moruciice Bunds
LoiiisvUI,'
iuoiiiuitii .& Lvxlnitton K'y General MortKSKe
Flint .MurtuiiKo live per cent Trust Bonds
Firai .MortKane Uvo per ooni Flfty-vear fiold Bonds
BoiiUxiiiHt >u at. Louis Division Second MorucaKe Bonds
November
.2,M0,000 January 1, 1807.
7,070,000 April I. \HOH.
»,500,000 June I, 1901.
fUirlliiK M(n-t)(in?« Itoiids
ll«ni!>ril-> ( ItrxHvllle i!t lyoiitHvill»KK. BtorUug MurtfTUKe Bonds
llrainili Mort);a){e BiiuiU
rinill
I.(>uls\ illu cliiulniintl >k l.cxliiKtoo Second MnrtKaeo Bonds
Mi-iiipliii
lixUrtU.
A pi II
«3»3,0OO Oetoi>erl9, 1MU3.
&
Ixiuitivlltn (.iLioiniiHll
m
frunt Co.
IV.
BONDED DEBT. J ONE
DI80RIPTIUK,
527
I
6.
Interest ceaiel Juno I. H89.
0. $1,0 )[)of th<9e bonisdrawn for Sinking Panl. due Juno I, ma.'bufnnt presonted for reiemptlon.
Also • I, OJJdrAWn for Sinl[iu!( Fund, due June i, I8<)i>. but. unt prosontal far re Imnptiun. Interest erased June 1,1830. And alto ifiLOOO of
bjnij drawn tor SlnKlug Faad, dae June 1, IcjOl, but nut^roio.ito.l tor redemption, tntsrost oeaaed June 1, 1891.
Mmm
TABLE
VI,
OB088 EABNIHOS, OFBBATIXO ESPBHgBS AND NET, BT MOSTHS.
BECAPITULATION.
(L.
A
N.
SYSTEM.)
[Average for year, 3,250-33 mllM.)
MiteeOanr
HONTHS.
PoMtnger.
FrtigtU.
1800
Jnly
Angast
Septemucr
"
"
"
"
"
1891
"
"
Ooiobrr
November
Doofraoer
January
February
March
1,005.9 17
1,174,885
I,l43.2.i0
1, -247.709
1,199,021
1,113,067
3
52
29
31
44
79
1,07T,865 88
4-J1I.I41 ('2
428,441 5.-)
381.9H5 17
42.%6J2 53
Bxprtn.
36,0'27 25
31.383 43
29.096 08
41,088 57
35,893 64
74
3!l,«22 60
iff. 46 28
44,757 61
3i,S)83 01
28.827 55
32,917 95
3 ..749 59
45,437 03
33.704 88
34,581 07
37,H3 16
tout.
Operating
Expenses.
Total.
Net
«
97
23
0'
07
33,4.53 08
35.977 4.36.225 OB
35.704 83
37,751 98
3S,504 54
35.714
33.757
35,763
36.273
3;i.S)!»8
1.545,182 22
1,706,9.(9 77
1,005, 7 J 8 35
1,788.!>20 27
P.et.ofMxpi.
SarHingt.
Eamingi.
to
*
1,007,305 76
1,03.\8I0 95
l,0.i2.088
64
46
671.128 82
613,639 71
65-19
60-68
63- IS
5.37,876
:31,"J0i .52
5012
613,814
626,008
585,8 "<
595,232
00
67
55tf,6.->3
70
662,376 5H
63-37
62-10
63-16
01 09
63-94
68-50
67-13
B6-15
13,113,965 40 4,800,688 34 431,025 80 4i7.424 55 447.624 53 19,2/0,728 62 12.058,444 59 7.162.2»4 03
62-74
1.043,391
1«3
l,08--',755
27
April
"
1,03,3,671 18
May
"
993,350 9
Juno.
"
t>99,CK>9
Tot-1
429,835 60
410,749 56
UaU.
32
m
375.718 56
35.9,870
359,140 09
3.')7,56l 29
380,426 42
401,209 87
3-^,812 10,
1
20,359 51
84.948 17
4.3.81197
45.618 86
41,460 75
42.314 27
38,784 91
40,729 65
1.057,618 75
07
1.675,700 07
1,061,9.52
1,051,8.39 08
l,590,.M4 9i
1,0.5.830 41
1.004.656 64
934,548 22
992.3~5 19
1.033,0-27 31
1,004,531 41
848,089 24
1,r.2y,78100
89
I, .507.048 31
1,496.503 87
1,510,465 82
1,5.5 ',038
27
84
473,421 00
491,1*72
46
TABLE Vn.
Total Eakhinos, Operatiho GxpRiraM and Net.
RECAI-ITOLATIOX.
Percentage
of Oros9
Earningt,
SoiTRcas.
24976
PMsenaer earnings
xprcs cat nliigs
-102
68-2-23
-324
-613
Train prlviloKes
Freight earuin t»
Bent of paasengrr cars
Kentof freight oars
Kent of engines
,
a
list
new
of
(3,417,684 09
$2,200,075 36
13,113,905 40
8,640,760 50
4,473,204 90
62.250 75
-02-J
$19,2-20,728 62
:
Adboba, Mo.— City Hall bonds arc to bo Issued.
,.
Bkatriok, Nkd.— i|!21,0u0 paving and $35,000 water bonds are authorised.
BBXABC•'II^Tr— $240,000 6 per cent 20-year Court House bonds are
authorized
'' nf tatea are authorized.
-ATI. ().— Bonds in an'''
ire nuthonzed.
CoLrAX. Wakh.— .f30.000«
,„
Bids will be
iionils. due 1931.
OOTIKOT N, Kv.-J»150.000
ik
.or the t;oiumon Council.
20
i...
n>
Oct.
by
received till
DEL Kl Ti.x. TiO.O<)0>chool-hou»e Imuds nr- aiitliorlzed.
Denison, ri:.\.— #1 lO.OOO |K-r rent 30vear bonds iir«»uthori»ed.
HOOSTON, 'rfx.— $60,000 school bunds are to lie issued.
Lbwis County, Wash.— $100,000 bonds are olTered.
Missoula. MoN.— $5.^,000 6 per cent sower and $38,000 6 percent
hridgu bonds wlil i>e offered at auction Oct. 1.5.
Mason County. Wash.— $100,(K>o bonds are to bu Isauod.
K«w Yuan City—$.5-2-2,118 30-year bonds are authorised.
Norfolk. Va.- *i.0,0OO 5 per cent 30-ycar w.iter bunds. Bids will
.
..
bo recelveil
till
Oct. 13
iiy
the City Treasurer.
Port Amiki.ks, Wash.— $Oo.iXM) bonds am authorised.
I'lX.-iiso.OOOstreetliuprovemtntlMimUareto be Issued
Bah >!
tlnio.
f:
SB r
I
Tti.i
Ysi.i, .u-i.
Ih«ii.M.
Mil.— $25,000 Court Housii bonds are authorised.
x.—$35,0o0 bonds are ofl-erett
.
.
rou.>TT, Moh.—$59,000 6 per cent 10-30s are to h«
.
.
.,,
180,98J
49.706
B.618
3,340
06
00
35
49
91
306 75
4,l»2 4a
$12,05«,444 59
#7.162.284 0»
.
given in our a<lvcrtUlug coliunus.
New York
City Surface Bailrosda.— In
reports already published in the
ffiven
;
1880-90.
addition to the
Chboniclb the following ar«
—42<JrfOr.«.F'r».->
,
.
]17.6i«6
pot
Wbstixobousb Electric & MANtiFAcruRiMo Co.—$3,000,000
cent cum. pref. stock is offered at par by Messrs. Aug. Belmont *
Co., .V. Y., and Messrs. Lee. Higgluson & Co.. Boston. Details are
OmciN
,
Samings.
$5,678,659 45
100 000
issues of securities offered or to be offered
iret
Expenses.
02,2.50 75
11 7.090 00
180,..86 00
•030
•018
New Bonds and Stoeks Authorized or Offered.—The followis
[
-003
total
Operating
\
49,706 35
9,0 IS 49
3,346 91
306 75
4.19J 46
Bridge TolU
Talegraph
ing
34
55
80
78)
»iS
-208
Rents
Car detention, storage, etc
Wharfaice and storage, Pensaoola, Fla
Grand
$4,800,688
427,424
431,025
19.520
2-224
2-248
KUl earnings
Orott Earning:
1890-91.
^nar.B.Mor.dlU,-^
1800-91.
1889-»a
Grose earnings
Operating expenses
423,686
240,733
446,086
356,401
lft0.7«7
182.789
18 1.144
Net earnings
Other Income.
1-2,053
8,778
189,68ft
13,156
1.638
5,428
^1^
Total
Z>cduc(—
latarest on bonds
101,731
196^113
13,-232
16.520
1.046
1.500
82,351
9Z.240
16,520
....^
1.222
33,708
110.680
8,95ft
148.657
48.074
171,40$
83,706
OttMr Interest
Rentals
TazM
Dividends
171,953
065
aJsW
8.880
«»«
*•
i"oii
7,83«
ViiM
7,58»
la.OW
11.825
•.SSa
.
Total
Surplus....'..'.'
..
1.188
THE (CHRONICLE.
528
1
UNION
RAILWAY.
PACIFIC
ABSTRACT OF THE TKUST INDENTURE
[Vol,
understood that when the term underlying securities, or anyequivalent term, is hereinafter used, the same shall be held to
include all the bonds, shares of stock and other property so
delivered, assigned or transferred.
Schedule
TO
DREXEL, MORGAN &
CO.,
TRUSTEES.
"B."
(FOEM OF REGISTERED NOTE.)
$10,000.
fourth day of September,
Pacific Railway
COMPANY (hereinafter called the Railway Cornand
Parties,
pany), a corporation duly organized and existing
under the laws of the United States, party of the first part, and
the firm of Drexkl, MoEaAN & Co., of the City and State of
New York, hereinafter called the Trusteeg, parties of the
second part
Whereas, The Board of Directors of the said Railway
Company at a meeting duly conrened and held
BeBolutions ^„ the 18th day of August, 1891, unanimously
of the Boara.
^j^pte,! t^e following resolutions
THIS INDENTURE, made this
T,.,„
1891,
between
the
LIII.
$10,000.
Thb Union Pacific Railway Company Six Per Cent Gold Collateral Trust Registered Note.
Union
Boston, August 1, 1891.
Three years after date, without grace, the Union Paclflc Railway
Company, for value received, promises to p,iy to
or aasigus, Teu Thousand Dollars, upon surrender of this note, and to
pay interest thereon at the rate of six per cent per annum from
payable to the registered
holder hereof on the first days of February and August in each year,
both principal and interest being payable at the oftice of the Trustees
under the Trust Deed hereinafter mentioned, in the City of New York,
in gold coin of the United States of the present standard" of weight and
fineness, and without deduction from either principal or interest of any
taxes which the Railway Company may be required to pay or retain
therefrom, the Railway Company hereby agreeing to pay all such
taxes. This uote is secured by a pledge of collaterals with Drexel,
" Whereas, This Company has • floating debt of about $20,000,000, Morgan & Co., Tnustees, under, and is sulyect to the terms of. a Trust
Directors,
Indenture made by said Railway Company to said Trustees, dated the
the
laid
before
Comptroller
its
fw shown by tbe statement ot
fourth day of September, 1891. and is not valid or entitled to the
much of which is represented by promissory obligations due on call or fit of said Trust Indenture until the certificate hereon shall havebenebeen
demand and other of which will shortly matvire or may be made to signed by the said Trustees. This note is subject to redemptiim at par
of
the
option
and
accrued
interest
anytime
before
maturity,
at
forth
security
the
as
set
in
further
at
the
become due by provisions for
said Trust Indenture. This note shall pass by assignment and maybe
bolder
transferred on the books of the said Trustees pursuant to the provisions
And, whebeas, it Is desirable to consolidate the said floating debt by of said ] rust Indenture.
the issue of the obligations of the company maturing at a fixed time
The Union Pacific Railway Company,
and to be equally secured, and to provide in addition a fund lor the
By
[SEAL]
of
the
company
necessary corporate uses
President.
past
company
in
of
the
and
earnings
And, WHEREAS, the means
Attest
years have been Invested in certain bonds and shares of lateral, eon"
Secretary.
necting or tributary railroads, with a view to protect the value of this
(TRUSTEES' CERTIFICATE.)
company's property and franchises, and to provide a fund or reserve
It is hereby certified that the foregoing note is one of the notes specimeet
its
oblior
expedient
to
fied
ic
the
above-mentioned
Trust liideuture.
which It could use whenever necessary
,
:
gations to its creditors, as well as for other lawful corporate purposes,
and the company likewise owns shares ot the Pacific Express Company
and shares and bonds of the Union Pacific Coal Company and of various other companies, and holds the same as assets In its treasury, as
well as other assets and personal property
And, whereas, certain of said creditors of the Company have signified their willingness to assent to the following plan for the adjustment, settlement and security of the company's indebtedness, to wit:
Trustees.
(FORM OF COUPON NOTE.)
$10,000.
$10,000.
The Union Pacific Railway Company Six Per Cent Gold Collateral Trust Bearer Note.
Boston, August 1. 1891.
Three years after date, without grace, the Union Paoifle Railway
Company, for value received, promises to pay to be.arcr Ten Thousand
[The creditors' agreement, dated August 18, 1891, is here Dollars upon surrender of this note, and to pay interest thereon at the
rate of six per cent per annum from
payaquoted.1
ble to the bearer hereof on the first days of February and August in
Now, THEREFORE, RcsoIved, That the Board ot Directors agrees to the each year, upon presentation of this note and endorsement of such payplanof Issuing $24,000,000 of collateral notes, to be secured by Deed ment thereon, both priueipal and interest being pavable at tlie ottice of
the Trustees under the Trust Deed hereinafter mentioned, in the City of
of Trust to Drexel, Morgan & Co., Tru stees, in the manner hereinbefore
,
New York, in gold coin
set forth
Also. Resolred, That the Exeout ive Committee of the Board of Di.
rectors of this Company Is authorized and instructed to carry the foregoing resolution into effect, and to cause to be issued the Three-Year
Gold Six Per Cent Promissory Notes of this Company for an amount
not exceeding $24,000,000, to be secured by pledge or deposit of the
I>onds, shares and personal property of this Company, and to cause to
be executed .ill such notes and Deed of Trust to secure the same, and
all other instruments as they may Judge to be expedient and necessary
in the premises, with authority to make or assent to such changes in
the foregoing plan as their Judgment shall approve.
of the United States of the present standard of
weight and fineness, and without deduction from either primipal or Interest of any taxes which the Railway Company may be recjuired to
pay or retain therefrom, the Railway Company hereby agreeiui to pay
all such taxes. This note is secui^ed by a pledge of collaterals with
Drexel. Morgan & Co., Trustees, under, and is subject to. tJie terms of
a Trust Indeuture made by said Railway Company to said Trustees,
dated the fourtii day of September. 1S91, and is not valid or entitled t»
tliebenefitof said Trust Indenture until the certificate hercou shall
have been signed by the said Trustees. This note is subjeci to redemption at par and accrued interest at anytime before maturitv, as set
forth in the said Trust Indenture. This uote shall pass by delivery,
but mav be converted into a registered note pursuant to the pro\ision».
of said Trust Indeuture.
The Union Pacific Railway Company,
By
And, whereas, the Railway Company owns bonds and
shares of stock and other property described in
[SEAL,]
President.
'
an'Tpledge of Schedule A," hereto attached [SeeSchedule "A,"
at the end of this abstract], some of which are
in its treasury unpledged, which it is the purpose of this indenture shall be forthwith transferred to
to the Trustees, and some of which are pledged as collateral
for loans to the said Railway Company, which loans it is
among the purposes of this indenture to provide the means for
retiring or paying or providing for, thereby releasing such
bonds, shares and other property from such pledges, to the
end that when so released they shall be transferred to the
Trustees herein upon the trusts of this indenture.
•
'
Attest
Secretary.
aecuritles.
(TRUSTEES' certificate.)
It is hereby certified that the foregoing note is
fied in the above-mentioned Trust Inacntm'o.
one of the notes speciTrustees.
It is
further understood and agreed that
if
for any reason
Railway Company should be unable to dethe stocks, bonds and other inoiJerty
ed reasonal^ly mentioned in Sched. 'A," or if any errors sliould
by the Com- be found, or changes should be necessaiy, in themittee.
said particular statement furnished by the CompNow, conformably to the foregoing resolutions of the Board troller of the Railway Company
of the said indebtedness and
of Directors and of the Executive Committee and the premliabilities of the Railway Company, or of the collateral or
ises hereinbefore recited, the said Railway Company
has other security held therefor, the Committee may in its dissigned or will sign promissory notes in amounts of -510 000
cretion on such terms as it may see fit, and if in its judgment
each and in the forms set forth in Schedule "B" to the aggrethe purposes of said creditors' agreement are substantially acgate amount of §24.000,000, and has delivered or will deliver
complished, make, or empower the Railway Company to
said notes to the Trustees herein, to be held and used
under make, such changes in said Schedule "A," or in said Comptroland pursuant to the terms and provisions of this Indenture
The Railway Company hereby transfers, and delivers to the ler's statement, as to said Committee may seem reasonable in
the premises, and said Schedule "A," and said Com]itroIler'»
Trustees herein and hereby pledges simultaneously with
the statement, as so altered by or with the consent in wuitiug of
execution and delivery of this Indenture, such of the
bonds
and shares of stock and other property described in Schedule the Committee shall stand for and be taken for all purposes to
the Schedule "A," and the Comptroller's statement menA as remain unpledged in its treasury, the same being enu- be
tioned or referred to throughout this Indenture.
merated and shown by a schedule thereof, signed
by the
It is further agreed that any registered note issued and
Compuollerof the Railway Company, and delivered
to the
& certified hereunder may at any time be transferTrustees, upcm the truste of this Indenture, and
Registered
hereby coven Coupon Notes red on the books of the Trustees by the registered
anls and agrees to transfer and deUver, or cause
to be trati<.
exchange- holder hereof, in person or by attorney, upon
ferred and delivered to the Trustees all
of the other "'''*•
surrender of such note to the Trustees (w'ith the
^^^
property mentioned in written authority in favor
/^'^\°'
°'^"
^h»H. f^t
of the attorney making such transSchedule
_^'A' hereto annexed, and hereby assigns
and trans^ fer, if made by attorney), whereupon a new registered or
few to theTrurtt.^ "" °^ *,h« ^'^^ds and shares and
other bearer note shall be issued to the transferee, and that any
property mentioned m Schedule "A," and also
all other securT bearer note of
§10,000 may be surrendered and exchanged for
ties m the treasury of the Railway Company,
and all persoM a registered note of like amount and that any registered or
property known and u^nknown. as contemplated
in sa^d cred
bearer note of $10,000 issued and certified hereunder may at
Uors agreement, upott tiir trusts of this
Indenture. It being any time^be surrendered and
exchanged for ten co'apon notes
»«»
Schedule" A"
may be chang-
'I'®
liver all
»•« *«#»
'
^^
;
OCTOBEB
10, 1891.J
THE CHRONICLR
629
of $1,000 each (in case notes of the denomination of $1,000
'*"','" ""» "?"*' coraml«.loM on suob
each shall ho issued by direction of the Committee, as herein- 2L«'''?j'u
after provided). All such ezchangea, except the exchange
Sf^inJ'
ll^nt'u^nXrt'h';
"cCi.!
"2;
of registered notes for other registered notes, shall be subject
hewin provided, may be made at •"„f'««„°^.t»^
any St.^k ExcSniJS
to such reasonable charge as the Railway Company may preP"bl'« -»'«• '" 'ho .liscrotlon of The
scribe.
It is n^reed that if the Committee shall so resolve or
P.'h'""* o'
mittL'Y
ttee. by them or by the Truitees.
or by any airont or broker
direct in writing, there may be issued and certified coupon
notes secured horol)y in denominations of $1,000, similar to
notice as the Committee may determine.
The net nroce^
the other notes herein provided to be issued, but payable only
the Trustees from any sales mvle
*
•
»
pursue
to bearer.
[Details follow here as to excbanee of provUions
nZ-Ui^n^^ of this paragraph shall
(unless the CoramitlSS
$1,000 notes for the $10,000 issues.]
otherw je direct the Trusteei in writing) be
used
b/tl™ Trw!
No note or notes intended to be secured hereby shall be
eUher in purchasing the notes ''secured
iior'Lby at n^
so secured or valid for any purpose until certified by the over par and accrued
interest ; or if within the Mriod
of
Trustees.
thirty dys after the receipt of the
proceeds of bi^dssoTd
It is further provided and agreed (anything herein to the and applicable to the
purchase of notes, as provided in this
Notosninj-iio contrary notwithstanding), that the Railway
»°'«'„'^«ed hereby to the requisite amount
ih«T'^''^
paid lit parat Comiwny may, at anytime, and from time to shaU
not be offered to the Trustee, for
redemption,
«">*'">- "" time, before August 1, lS9-t, at its option, upon at a price not
exceeding par and accrued interest
noiioo.
notice as hereinafter provided, pay tlie whole or
such offers to be made at such time
and
any part of the notes secured hereby, together with interest
designate), they shall
^n.L^Tu'^
f."^"^
accrued thereon provided that if only part of the notes are may
be thereafter
use the moneys, or unapplied bailee
of
to be thus paid before maturity, the notes so to be paid shall moneys, from such sales which they
have in their hands bebe drawn by lot by the Trustees, or by some person duly
Indenture
in retiring the notw
'^''
authorized by the Trustees, at their office in the City of New h«^5^J*a^"'^*'f'^°^
?'^''kP^!:*^'^ **'^"^«'1 '"'e'-est in such manner as
n,^ /„!r
York, who shall make a certificate of such drawing, and make may
be directed by the Committee, and the
Committee may.
oath to the same before a notary public. The Railway Com- infer «/.a, direct that such moneys
shall be
pany shall publish, in at least one newspaper of general circu- notes secured hereby to be drawn by lot by theused in paying
Trusteed or bf
lation in each of the cities of Now York and Boston, at least some person authorized by the
Trustees in the same manner
once a week for a period of thirty days after the first publica- as It IS hereinbefore provided that the
Railway Company may
tion, a notice stating the numbers of the notes thus drawn cause notes to be drawn for
payment. In cai notershall 1^
(unless all the notes are to be paid, in which event the notice
Trustees, thirty days' notice ther^-of shall
bo
i?h^.^ ^^^t"^
shall so state and the numbers may be omitted), and the time ^?..'
published
in the same manner as when notes
are drawn for
and place of payment of the notes to be paid.
redemption by the Railway Company, and, at
the expiratioa
It is further provided and agreed that the following persons. Of such thirty days' notice, interest shall cease to accrue
on
The Commit- to wit J. Pierpont Morgan, John A. Stewart said notes so drawn, and the principal of the notes so
drawn
for
iis
tee aud
and Edward King.of the City of New York, and
payment shall become immediately due
sowers.
Frederick L. Ames and Alexander E. Orr,Direct- with accrued interest and be paid by th-,
trustees
to
the
respective
Railway
Company,
holders of such
ors of the
and their successors, chosen as
notes
or their assigns
out
of
the
shall
provided,
constitute
herein
the Committee in this Indenproceeds in the hands of the Trustees
ture referred to, they having signified their acceptance at the ot bonds sold hereunder upon surrender to the Trustees for
and said Committee shall have the power to cancellation of such notes with the coupons, if any, then
foot hereof
control ami direct, consistently with the provisions of this belonzmg thereon. It is distinctly understood and agreed.
Indenture, the disposition of any of the securities deposited
Proceeds of 'lowever, anything herein contained to the
with the Trustees, and to do any acts herein mentioned to sales may be contrary notwithstanding, that if, in the opinion
be done by them, also full power to do any other acts which prorata
°^*''« Committee desirable or expedient, in
order to insure or facilitate a more equitable
may, in their judgment, be necessary or expedient in the exJ.
ecution of this Trust, or calculated to protect the holders of the pro rata division of the Trust estate among all the holders
notes secured hereby, and not in conflict with the express pro- of notes secured hereby, they may instruct the Trustees in
visions of this instrument ; and the enumeration of specific writing to distribute the proceeds of any such sale or sales,
powers in this Indenture shall not be construed to limit or jjro rata, in partial payment of the principal of all the notes
restrict the general powers hereby conferred.
The said Com- secured hereby then outstanding ; and, if so instructed by the
mittee shall have power, inter alia, to direct the Trustees as Committee, the Trastees shall distribute such proceeds in conthey may deem expedient to waive or defer the enforcement formity with such instructions, the payments, when made,
of or to enforce or protect at the expense of the Trust estate being smUbly endorsed or stamped by the Trustees on the
any of the bonds, shares or other property deposited here- respective notes.
The sliares of stock mentioned or described in Schedule
under, and to join in any reorganization, &c., in respect of
any of them, and to accept the new securities resulting thereA, or any part thereof, or other shares or securistocks mayfrom, which new securities shall constitute part of the Trust be sold by un- ties except bonds deposited, or that may bia
estate hereunder. The said Committee shall have power in animous con- deposited, with the Trustees under the proviits discretion to add to itself one or two additional members, sent ot Com- sions hereof, may be sold in the same manner
mittee.
as bonds, in case of default in payment of
as is provided in the Creditors' Agreement above set forth.
All acts and action of the said Committee shall be reduced inter<»3t
or principal of
the notes
secured hereby
to writing, and a majority of the members of the said Com- or_ they
may be sold at any time or times by
mittee may exercise such power of control and disposition, said Committee without such default, in case the Comand any power herein conferred upon the said Committee, ex- mittee unanimously resolves to sell. In case of any sale
cept as herein otherwise expressly specified. Any member of pursuant hereto the shares or other securities so sold shall be
the Committee may at any time resign by notice in writing to delivered by the Trastees herein, and the net prooaeds shall
the remaining members of the Committee and to the Trustees. be received and applied by them in any of the manners above
In the case of a vacancv in such Committee, however, occur- mentioned in the case of sale of bonds, and any such sales jmay
ring, such vacancy shall bo filled by the remaining members be made in any of the ways above provided'for the salea of
of tjie Committee, or as many of them as shall constitute a bonds.
majority of the Committee as constituted before such vacancy
All notes in any manner paid or retired as herein provided,
by electing a new person to fill the vacancy in such manner Not«8 retired together with the unmatured couiK>ns thereon,
must
be can- shall be immediately canceled and surrendered
that at least three out of five, or at least four iu case the Committee be incre.-«ed as above provided, shall be holders of «<"e"to the Railway Company.
notes secnred hereby, or the official or selected representatives
The Committee may sell, or authorize the Trustees to sell.
of some such holder or holders, and not Directors of the RailHolders of any of the underlying securities to the holders
way Company, and not over two out of five, or not over three notes may buy of notes secured hereby, at public or private
out of seven shall be Directors of the Railway Company, and seourttleii.
gale
but nothing herein containe<l shall reso that not less than two members of the Committee shall be quire the Committee or the Trustees to offer any of
Directors of the Railwav Company. »
* The the underlying securities to the holders of notes secured
«
Committee shall furnish the Trustees with copies of all their hereby unless the committee deem desirable. In case
acts and proceedings, authenticated bv their Secretary or by of any sale made as hereinafter provided, upon the request of
a member of said Committee, and the Trustees shall not be re- the Committee, or of the holders of fifty per cent in amount of
quired to take notice of anv proceedings of the Committee the notes secured hereby and outstanding, after default of the
unless a copy thereof so authenticated shall have been fur- Railway Company in the payment of the principal or interest
nished them.
of any of the notes secured hereby, made by the Trustees as
The bonds, or any part of them, mentioned In Schedule hereinafter provided, or pursuant to the decree or order of
Bonds pled i'd " '\." or any other bonds that may be de- a Court, any holder or holders of notes secured hereby may
mav be sold posited under the provisions hereof with the bid for and purchase the property sold on equal terms with
and proceeds Trustees, may be sold at any time or times other persons and the purchaser or purchasers at such sala
'"""' ^y '•'® Committee in their discretion, and in in making settlement for or on payment of the purchasa
Soles
such event the bonds shall be delivered by price may, if the Trustees consent, on presenting any of said
the Trustees herein to the purchaser, upon the written ordiT notes or overdue and unpaid coupons, be credited on account
of the Committee designating the price at which the bonds of the purchase with the portion of the net proceeds of tha •
were sold provided, however, that all the net proceeils of sale which would be applicable to the payment of such notes
such sale, at the price so designated, shall come into the hanis and coupons (or accruea and unpaid interest as the case may
of the Trustees herein. The Committee may also authorize be) so presented upon a just distribution of the prooeeda
the Trustees to sell any bonds at such prices and on such the sale among the holders of notes and coupons seci
d
terms as the Committee may specify, and the Trustees shall hereby. In such case such notes and coupons, if any, so {»>
in such case be entiUed to charge and deduct from the proceeds •ented shall be stamped with the amount paid thereon.
'^^^
0^?
m
^tS
t^
m
;
W mm
ph^
:
;
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;
;
mk
THE CHRONICLE.
560
of principal and accrued interest of all the notes then
outstanding secured hereby remaining unpaid, whether due
or otherwise, and apply such net proceeds to pay the amount
of
such
principal and interest
and if the net proceeds of the said sale shall be insufficient for that purpose,
shall distribute the same pro rata and without preference or distinction as between principal and interest, and
the Railway Company shall remain liable for any deficiency
and, after payment of all the principal and
accrued interest of said notes from the proceeds of said sale,
shall surrender the surplus, if any, with the remainder of the
bonds and shares and other property to the Railway Company.
It is further understood and agreed that upon any such default as aforesaid, continuing as aforesaid, the whole principal
sum hereby secured shall, at the option of the Committee or
of the holders of fifty per cent in amount of the notes secured
hereby then outstanding (expressed in writing), forthwith be;
way or navigation lines, until the notes hereby secured are
bonds or
paid, unless such issue, guarantee or endorsement of
notes or leases shall be approved unanimously by the Committee.
The Railway Company agrees to pay promptly, as it masecured, as
The Notes turee, the interest on the notes hereby
t»x free.
provided in the said notes: also the principal of
said pringaid notes at maturity, and without deduction from
present or
cipal or interest f ^r any tax or taxes which by any
future laws of the United States or any State thereof, may be
payable for or in respect of the said principal or interest for NaCompany
tional, State or municipal purposes; the Railway
hereby agreeing to pay any such tax or taxes which it may
or hereafter
therefrom. It is
and as the interest
paid, they shall be
;
come due and payable, anything
be required by any such laws to deduct
further understood and agreed that when
coupons, if any, attached to said notes are
canceled.
agrees, whenever so directed by the
Trustees, as
Th« TTnlon Committee, to deposit with the payment of
Paclflc to de- bankers, upon special trust for the
posit oasli interest on said notes a sum equal to all accrued
monthly.
j^^^ unpaid interest to the end of the last preTious calendar month on all the notes secured hereby and
then outstanding, and thereafter to deposit on or before the
last day of each calendar month, a sum in cash equal to onetwelfth of the annual interest on the notes secured hereby and
then outetanding, together with such additional sum as shall
equal any previously accrued and unpaid interest on any notes
secured hereby issued during such month, and such moneys
shall be applied by the Trustees to the payment of interest on
the notes secured hereby as the same matures.
Upon any purchase or sale of any coupons attached to the
Coupons pur- notes hereby secured, or any interest on any
obaeed no registered or bearer note, or upon any adlonger ft lien
vance or loan upon any of said coupons, or
upon any of the said interest, made on or after the date of
maturity of such particular coupons or interest, the coupons
or interest so purchased or sold or advanced or loaned upon,
shall not be deemed to be secured by or otherwise within the
trusts of this Indenture, unless accompanied by the note or
notes to n hich the same originally belonged, except after payment in full of the principal of the note» issued hereunder,
and all of the interest not so purchased, sold, loaned or
The Railway Company
advanced upon.
So long as no default
shall be made in the payment of any
principal moneys or interest of any of the notes
p»ny to re- hereby secured, or in respect ot any other matter
oelve the In- qj. thing to be,by the Railway Company observed
«o^tiUa"d or performed, the Trustees shall, at the request
to vote on of the President or Comptroller of the Railway
stocks.
Company, collect the interest on all said under
lying bonds or notes, and shall pay over the amounts collected
U. P. Com-
in said notes or herem contained to the contrary notwithstanding, and that upon any
sale as aforesaid (made on default of the Railway Company
and upon the request of the Committee or of the holders of
fifty per cent in amount of the notes outstanding as above
provided) the principal of all the notes secured hereby and
then outstanding, if not already matured, or declared due and
payable as aforesaid, shall at once become due and payable,
with the accrued interest to the date of such sale, anything
herem or in said notes contained to the contrary notwithstanding. The Railway Company may, however, redeem
such default at any time before any actual sale of any of the
underlying securities pursuant to the provisions of this paragraph (unless the principal sum shall have been declared due
as herein provided), by complying with all the provisions of
this Indenture and paying to the Trustees all sums which at
the time of such redemption are due and payable by the Railway Company, according to the provisions hereof, together
with the expenses incurred to the date of such payment. In
case the Railway Company shall fail to pay the principal of
any of said notes at maturity, the Trustees hereunder shall,
upon like request by holders of notes or by the Committee, in
like manner sell and dispose of the underlying bonds and
shares and other property, apply the net proceeds in Uke manner to the payment of the principal and accrued interest of
the notes secured hereby then outstanding^ro rata, and without distinction as between principal and interest, and surrender the surplus and the remainder of the underlying bonds,
shares and other property, if any, to the Railway Company,
and the Railway Company shall remain liable for any deficiency
provided, however; that in case of any exercise of
the power or trust for sale hereinbefore contained in respect
of the said underlying bonds and shares and other property,
the Trustees shall sell the same, together or in parcels, by
public auction, at such time or times, and at such place or
places, in the City of New York or Bo:iton as the Committee
may determine, with full power to buy in or rescind any contract of sale and re-sell without being responsible for loss, and
for the purposes aforesaid to make and do all such deeds,
agreements and things as the Trustees shall think fit. And
the Trustees shall first give public notice of such sale and the
time and place thereof by advertisement, published in each of
the cities of New York and Boston not less than twice a week
for six consecutive weeks immediately prior to the week in
which such sale is to take place in one or more newspapers
there published, and this shall be the onlv notice required of
;
I
to the Railway Company, but all interest and coupons on any
of the underlying bonds or notes shall until actually collected
be retained and held by the Trustees for the further security
And so such sale.
of the holders of the notes issued hereunder.
It is furthermore agreed by and between the parties hereto
long as no such default is made in the payment of the
principal moneys or interest of any of the notes hereby se
No holder of and the holders of the notes secured hereby that
cured, or in respect to any other matter or thing to be by the Notes shall no holder of notes secured hereby shall institute
Railway Company observed or performed, the Railway Com- bring suit.
^uy gyj^ ^^ jjjg ^^^ behal or on behalf of himpany shall be entitled to receive the income from other under- self and other holders of notes secured hereby to enforce the
lying property and the dividends on any of the underlying provisions of this Trust or any rights or equities claiming to
shares of stock, and the Trustees shall from time to time exe
arise thereunder, until after notice in writing to the Trustees
cute such order or orders or other instruments as may be herein by the Committee or by the holders of at least fifty -per
the
Railway
and
Company, until cent in amount of the notes secured hereby to enforce said
necessary for this purpose
such detault, shall be entitled to vote the underlying shares of rights ana equities, and the failure on the part of the Trustees
stock at all corporate meetings, and the Trustees shall on the within a reasonable time so to do provided, however, that
written request of the President or Secretary of the Railway the holders of any notes secured hereby shall, after failure to
Company execute such proxies to the Railway Company or Its pay when due the interest or principal thereof, be at liberty
nominees as may be necessary for this purpose. The underly- to bring personal actions to recover judgments at law thereon.
ing shares and registered boads may be registered in the name
The Trustees may resign, and thereby become discharged
of the Trustees, or their nominee or nominees, approved by
Trustees from the trusts hereby created, by notice in writthe Committee, except tufficient shares to qualify directors of may resign
ing given to the Railway Company and to the
the various companies and the Trustees at any time, and Committee at least two months before such resignation shall
from time to time, shall upon request of th« President of the take effect but such resignation shall take effect immediately
Railway Company transfer shares sufficient to qualify directors upon the appointment of a new Trustee, if appointed before
of such companies.
the time limited by such notice. In case of such resignation,
In case the Railway Company shall fail to make payment of a new Trustee shall be appointed by the Committee by an inProvisions In interest as it matures on any of the notes se- strument in writing executed by the Committee in triplicate,
case ol de- cured hereby, or shall after notice in writing one of which instruments shall be delivered to the Railway
fault
by the Committee or the Trustees, fail or Company, one to the Trustees resigning, and one to the new
neglect to observe and perform any other matter or thing to Trustee. Any new Trustee so appointed shall thereupon bebe by it observed or performed, and any such default shall come vested with all the property, rights, duties and trusts of
continue for a period of three months, then upon the request the Trustees hereunder, with like
effect as if named Trustee
in writing of the holders of notes secured hereby to an amount herein and the Trustees
so resigning, shall on the written re•qual to titty per cent of the amount of notes then outstand- quest of the new Trustee
execute such instrument or instruing, or upon the request in writing of the said Committee, the
ments as may be necessary to vest in such new Trustee.upon the
Trustees hereunder shall sell at public auction, at a time' not trusts herein expressed,
all the right and title of the Trustee so
less than three months from the date of such dsfault, all or
resigning in and to the Trust estate, and shall assign, transfer
•uch portion of the underlying bonds and shares and other and deliver to such new Trustee
the several bonds and shares
property, as they may deem best, or as may be necessary, after of stock and other property
remaining in their hands belongproviding for all proper charges and expenses, and all sums ing to the Trust hereby
created. The Trustees so resigning
due the Trustees and Committee hereunder, to pay the shall thereupon be discharged
from all trusts and duties
;
;
;
;
;
.
LUL
amount
The Railway Company furthermore agrees to and with
the Trustees and the holders of the notes secured
or endorse.
p3S„ w°t« hereby that it will notissue.guarantee
the
ulSe or en- and it agrees that the companies composing
doree bondo Uuion Pacific System severally shall not issue.
or to make guarantee or endorse, any bonds or notes, except
leases.
^^^.^^ ^^^ supplies actually furnished, and that it
of railwill not, and they shall not, enter into any new leases
now
[Vol.
OCTOBBB
THE CHRONICLR
10, 1891.1
under this Indenture. In case of resitunalion of Trustees and
the appointment of a new Trustee as aforesaid, if the new
TrustW! HO ap|K)inted shall not be satisfactory to the holders of
a ninjority in amount of the notes secured hereby then outbtanding, tlie ho.'ders of a majority in amount of the notes
may apply t" any JuJRe of the Unite<l States Circuit Court for
the" .Second Circuit, for tlie appointment of new Trustee, and
anv now Trusteo appointed upon such application sliall supersede any Trustee so appointed by the Committee, and l)ecome
th« Trustee hereunder with tlie same etiect as if appointed by
the Committee as aforesaid. The Railway Company shall pay
any new Trustee who may be appointed a reasonable compensation, as well as paying all expenses, as hereinbefore provided.
The words "Trustees" herein shall be held to signify the
parties of the second part, or their successor or successors for
the time being in the Trust hereby created.
The Trustees have become parties to this instrument in
order to signify their acceptance of the Trusts hereby created.
In witness whereof, the said Union Pacific Railway Company has caused this Indenture to be executed on its behalf
by its President, and its corporate seal to be hereto affiieil,
attested by its Secretary, and the said Trustees have caused
the same to be executed in their proper firm name and style,
this instrument being executed in three uniform originals.
Hmugkt
581
Fortcard
& MlulMlppI Vallor Transportation Co
Lake Pouodry « Hamitaoturing Co
Union Depot Co., Kania* City
Union Elevator Co., Oouuoll BlulTi
Union Elevator Co., Omaha
Union Pacific A Western Colorado Railway Co
Woo<l River Improvement Co., 80 per rent on $100,000.
Atchison Colorado Jc Pacltlc BR. Co
Atohlaon Jewell County A Western RB. Co
Kearney A Black Hills Railway Co
Uidon Pacific Railway Co
Loveland Pass MlulngA Railroad Tunnel Co
Colorxlo Western BaUroad Co
Oray'B Peak .Snake River i I/eadville RR. Co
Hoilth Park A Leadville Short Line RR. Co
Weetern National Fair Aisocialiou
Louis
Ht.
$01,340,18410
$116,000 00
0700
Salt
ToUlStoclM
31,000 00
46,700 00
81,00000
400,000 00
80,000 00
020,30000
105.000 00
337,96«B1
177,46000
4,80000
0,100 00
6.000 00
1,000,00000
7,90000
$S7.063,0«8 01
^^~~~~~"~^^
MlH< BLLAHKODt.
Debt Certlfloatea of the Portland A Paget .Sound RB. Co.
Noteof the Echo A Park City Railway (Jo
Note of the Union Depot A KB.. Co., Denver
Nol«8of the Hutchinson A Southern RR. Co
Noteof the W.od River Improvcnieut (Jo
Note of the Uulou Depot Co., Spokane Falla
$960,240 OS
200,00000
S3,683
768.500
350,000
31,051
84
00
00
64
$3,342,48146
Total Miacellanooua
$10o;il3.8«0 47
Grand Total
The Union Pacific Railway Company,
Br
SiDNBY Dillon, PreHdent.
(Signed)
CLEVELAND CINCINNATI CHICAGO A
LOUIS RAILWAY.
[seal."
Attest:
(Signed)
(Signed)
Alex. Millak, Secretary.
Drexel, Morgan & Co., Trusteet.
The foregoing Deed of Trust is satisfactory to and is apg roved by the Committee hereinbefore provided for, who
ave, in token of their accepcance thereof, hereunto subacribed their names.
(Signed)
PiKRPONT Morgan.
f
J.
I
John A. Stewart.
-{
Edward
ANKUAL RBPORT OK THB DIRECTORS-FOB THE TEAB KNDINQ JUNE 30, 1891.
For the flioal year ending June 30, 1991, the gross
earnings of the Company were
$13,173,319 31
Operating expenses, not Including taxes
8,806,873 60
Frederick
I
A. £. Orr.
L.
$4,366,441 66
3,990,620 54
Net earnings
and Tazee
Interest, Rentals
Kino.
I
„
$1,375,821 12
500.000 00
Balance
Ames.
Less 5per cent dividend paid on preferred stock
$879,821 12
Leaves
Schedule
From which deduct 3 per cent dividend paid on eommonstock
"A."
Par Talw.
Bond?.
Union Paolflc Den. & Gulf Ry. Co. First Mortgage 5»
Oregon Short Line & Utah Nor. Ry. Co. CousoUdated 5»..
OreKon 8hort Line & Utah Nor. Ry. Co. Col. Trust 58
Utah Jc NcirUuTu Ry. Co. First Mortgage 7«
Idaho Ceutial Kv. Co. First Mortgage 6s
Utah Southern KR. C). First Mort. due July I, '91, 7b
Utah Southern RR. Extension Fir.-*t Mortgage 78
Union I'aeltle KK. Co. Omaha Biid>;e Ss
Union Pacltlc Rv. Co. Omaha Bridge Reuewal 59
Union PaclMo Ry. Co. Kansas Division & Col. Mort. 58....
Union Paciflo Kv. Co. Collateral Trust iHt
Colorado Central RR. Co. First Mortgage 78
Colorado Central RR. Co. First Mortgage 83
Kansas City * Omaha RR. Co. First Mortgage 58
Kansas Cltv RR. Co. First Mortgage 68
Lovelaud Pass Mining A RR. Tun. Co. Ist Mort. 7a
Manhatlau Almt A Burliugame Ry. Co. 1st Mort. 6s
Icbo Lk Park City Railway Co. First Mortgage 68
Omaha & Repnlilioan Valley RR. Co. LstMort. 78
Omaha & Reputilic .u Valley Ry. Co. Con. Mort. 58
Omaha 4 Repuljlicau Valley Ry. Co. Extension 5s
Uulou Paeide Coal Co. First Mortgage 59
Green River Water Works Co. First Mortgagees
Bat tlesuake Creek Water Co. First Mortgage 68
Union DepotCo.. Bpckaue Falls. First Mortgage 58
Ogden Union Rv. & Depot Co. First Mortgage 59
Western PacitlcRR. Co. (Cen. Pac.) First Mort. 68
Kansas Pacitlc. Denver Extension, Fir.st Mortgage 6»
Kan.sa8 Pacitlo Railway Co. Income 7s
fit Louis Coun.il BluBs & Omaha RR. Co. l9t Mort. 68....
Kearney
mack mils Ry. Co. First .Mortgage 58
.ti
City of Wichita. Kansas. 69
Junction City, Davis County. .Cansaa, 68
©rsKon Kv. .St Nav. Co. First Mortgage Consol. 58
Oregon Ry. & ,Vav. Co. Collateral Trust 5s
Atchison Union Depot Co. Second .Mortgage 58
Denver Leadvlllo Jt Uunnlsou Ry. Co. Ist Mort. 4198
Total Bonds
$8,923,OOa
3,971,000
4,573,500
3.53,000
91,000
424,000
899,000
5.000
14.">,000
5,000,000
237,0i'0
1,370.000
2vi,000
1,595,500
1,347,000
400.000
339.000
480.000
41,000
520.000
1,246.000
4,950.000
223,000
132,000
300.000
163,000
12,000
1.000
1,250
19,500
105,000
42.566
5,000
712,000
1,632,000
4..500
23,000
$40,207,816
Stocks.
Oregon Short Lino <Sc Utah Northern Ry. Co
Union Faelflc Denver & Oult Ry. Co
Union Pacitlc Coal Co
Pacific Express Co
Central Branch Union Paoitto BR. Co
Oregon Railway & Navigation Co
CarlK>n CutOa' R.ilwayCo
I>enier Le.advlllo &Ounnl8on Railway Co
Sdio* Park City Railway Co
Junction City A- Fort Kearney Railway Co
Kanaaa Central Railroad Co
Kansas City A- Oniiiba KR.Co
Lanimle North Park A Pacitlc RR. & Telegraph Co
Lawrence A Emporia Railway Co
Leavenworth Top.ka A .Southwestern Railway Co
Manhattan Alma A Burlinv'aine Railway Co
Montana Railway Co.. 70 per cent paid on $600,000
Montana Unlou Railway Co
Omaha AEKhoru Vallev Railway Co
Omaha 4 Republican Valley Railway Co
8t Joaeph A Orand Island RR. Co
BaUoaABouthwestetn Railway Co
Union Pacltlc Lincoln & Colorado Ballvaj Co
Boieman Coal Co
'..'.'.'.
Green River Water Works Co
Morrison titone, I.luje & Town Co
...
Ocotdental A )rieutnl 88. Co.. 3 per cent on $5,000,000.
Omaha Uulou Deiiot Co., 10 per cent on $75,000
Rattlesnake Creek Water Co
.
St. Joseph Terminal RR. Co
(
$14,090,703 S3
13,251,882 00
5,000,00000
2.400,000 00
874,i(H)00
1,03.5.00000
420,00000
3,000.00000
480,00000
44,000 00
1,313,400 00
1,72.5,32500
86,500 00
465,000 00
550,900 00
419,65000
420,000 00
425.000 00
40.3(0 00
2,327 523 77
2,301.50000
331,70000
1,997,800
1)0
96,00000
225,00000
100.00000
150,000 00
7,500 00
66,30000
29,00000
ST.
818,321 78
Leaves a surplus from transportation earnings, vhloh
$57,490 84
has been carried to profit and loss, of
The atwve dividend on common stock includes $111,071 78
paid upon S3. 703. 400 of stock issued to the Cincinnati Sandusky
Cleveland Railway Co. and the Columbus Springfield
Cincinnati Railway Co. in purchase of those lines, being the
amount due for dividend thereon for the full year, althou.;h
this Company received the earnings of said railways for only
eight months of the year but under the agreement of consolidation they were mtitled to dividends for the full year.
The above earnings were obtained from the railway originally formed by consolidation, together with the White Water
Railroad, from Harrison to Hagerstown {63-30 miles in length)
Clevefor the entire year
and the Cincinnati Sandusky
Cincinnati railways, from
land and Columbus Springfield
Columbus to Sandusky, via Springfield (including the Findlay
branch) 191 '42 miles, since the 1st of November, 1890.
The entire mileage of track operated by the Company at
close of fiscal year was as follows
&
&
;
&
;
&
:
1,630-20
35-28
Main Line
Double track
5K-20
Sidings
2,178-77
Total mileage
Company has controlled the operaand management of the Peoria & Eastern Railway, under
the agreement as set forth in the last report. Including the
Peoria & Pekin Union Railway, 9-flO miles, under lease, it has
352 00 miles of main track and 75-87 miles of sidings, a total
of 427-87 miles the gross earnings of which for the year ending June 80th were 81,518,679 54 and the net earnings |2W,423 56. Interest, rentals and taxes were $515,467 40, showing
a deficit of $221,041 84, which has been advanced by this
Company, under the contract, to be repaid out of future net
In addition to this the
tion
;
earnings.
Also the Mt. Oilead Short Line, including sidings, 808 miles,
the gross earnings of which were $4,023 26 and the expenses
$5,766 01, showing a deficit of $1,743 75, which has been ad-
vanced by
this
Company.
Also the Cincinnati Wabash & Michigan Railway, from
Rushville to Benton Harbor, on Lake Michigan, controlled by
this Company, consisting of 206-30 mile* of main track, 80-50
of sidings, which earned, gross, $636,785 61 and net 9SM,093
18.
&
Seneca Railroad, main line 42-50 miles,
sidings 5-49 miles, total, 4799 miles; the gross earnings of
which were $81,081 76 and the net $8,105 62.
The foregoing makes the total mileage of track of all the
system operat^ and controlled by this company 2,804'46
miles, the total gross earnings $15,418,883 48 and the net
$4,894,828 27.
,
.
^
In addition to this the company controls its own rates ana
manages its business into Chicago over the Illinois Central,
under a hundred-year contract; the earnings, however, of
miles being paid to the Illinois Central Railroad
these
Company as rental.
The Kankakee
.
M
THE CHRONICLE.
532
During the year there have been added to the track 21-40
miles of sidings; making at close of the fiscal year, on the C.
C. C & St. L. Ry. proper, the mileage of track given
The accounts of the Cincinnati & Springfield Railway were
kept separate the previous year, but the Directors made an
arrangement by which its earnings and expenses were consolidated with the Cleveland Cincinnati Chicago & St. Louis
Ry. since the 1st of July, 1890.
The Peoria & Eastern fell short of earning its fixed charges
during the year by 1221,041 84. This was due to the fact that
there was a failure of the com crop along its Une and in the
tributary country west, and further to the fact that in past
years the road had been allowed to deteriorate, and in order
to bring it up to the proper standard, during the year large
sums of money had to be expended on track and equipment.
Under the strict terms of the contract our company, for some
portion of tliis sum, was entitled to bonds, and could have sold
them to repay its advances; but it seemed better not to enlarge
the bonded debt, but to carry the entire amount as a loan, and
there would not seem to be much doubt but that in the future
this money will all be repaid, as the fixed charges of the road
are moderate, and with fair crops and Ordinary expenditures
there should be no diflSculty in earning the fixed charges and
a surplus; the road already, in the two months of the present
fiscal year that have elapsed, showing a large improvement in
both gross and net.
The White Water Railroad, from Harrison to Hagerstown,
was acquired under the arrangement alluded to in the last
report.
rvoL, Lin,
of Terre Haute, Lafayette and Indianapolis in Indiana and
Dayton, Springfield, Columbus and other interior cities in
Ohio. With a few short connections, built or leased, to connect some of its lines, it will be able to command its share of
the business of these great central States of Oliio, Indiana and
;
and the business between the North and South, the
East and West. Attention it here called to the map of the
system annexed.
'
The Company has been very much, cramped in past years in
and to relieve the
Cincinnati for room for storage of freight
freight houses, plans were made f»)r building a warehouse on
the grounds known as the old Plum Street passenger station,
and a well-arranged warehouse of brick and iron, with hydraulic elevators, was erected, at a cost of $88,162 89, which
was charged to construction. The warehouse, in addition to
relieving cars and controlling freights, will undoubtedly, from
its storage receipts, earn an income on the investment.
A
large sum of money has been spent during the year at various
in
order
to
land
accommodate the
points on the line, buying
growing traffic of the Company. With 3,894-46 miles of track
and
prosperous
country,
thickly-settled
the demand
through a
for new facilities, for grounds for loading and unloading, for
sidings into warehouses and manufactories, is great at all
times and if the Company develops its local business as it
should, it must supply these wants as called for. Something
like $250,000 has been spent during the past year in new work
of this nature, and nearly as much more ought to be expended
during the coming year. The investment will be well repaid
in the future in increased local traffic.
The relations of the Company with connecting lines during
the year have been friendly and favorable. The interchange
of business at Cleveland with the Lake Shore & Michigan
Southern has been large the eastbound freight business,
however, showing a slight reduction, owing to short crops in
the West. During the past fiscal year we delivered to that
company 862,164 tons of freight, as against 919,106 the year
before and we received from them 290,731 tons, as against
In passengers we gave them
282,210 the previous year.
82,739, as against 28,081. showing an increase of seventeen per
received from them 40,277, as against 39,189 the
cent.
year before, or an increase of about three per cent. We delivered to the Chesapeake & Ohio Railway during the year
259.648 tons, as against 279,225 tons the year before and received from them 296,931, as against 257,068 tons the previous
delivered to them 4,759 passengers, as against
year.
3,695 the year previous and received from them 11,418, as
against 8,296 the previous year.
The property of the Company is in good physical condition ;
the improvement in the track and equipment has been continued during the year. Seventy-six miles of 67 pound steel
has been laid to replace 56 pound and 60 pound steel 18,442
cars of gravel were distributed in renewal of ballast 100
freight cars were purchased and charged to repairs, in addition to the work done at the Company's shops
10 heavy locomotives were purchased and charged to repairs, to replace a
that
engines
were
broken
like number of old light
up all
this in addition to the la'ge and heavy repairs of the engines
at the Company's shops 2 parlor cars were purchased and
charged to repairs. The passenger equipment of the Company
was fully maintained and improved.
The Company having been formed by the amalgamation of
several companies, its equipment consisted to a large extent of
old and liglit engines, small freight cars and old style passenger coaches. During the two years of consolidation a large
number of new and heavy locomotives, a great many large
Illinois,
;
;
The Directors early in the consolidation were confronted
with the situation that, while operating a railway with an extensive mileage in Ohio, their main lines did not reach the
capital of the State, to which a large portion of the business
tended also that the main line from Dayton to Springfield
was operated over a leased road at an enormous rental which,
year by year, was getting more onerous. There were but two
alternatives
one to buUd another line from Springfield to
Columbus, and the other to purchase the Cincinnati Sandusky
& Cleveland Railway, with its leased line, the Columbus
We
Springfield & Cincinnati Railway. After a long negotiation
a satisfactory arrangement was made for what was virtually
a consolidation, by which this company agreed to issue its
stock in exchange for the stock of said two companies on an
agreed basis, and assume the interest on its debt, amounting
We
to 1207,201 per year. This was a very good negotiation for
the Cincinnati Sandusky & Cleveland people, as. owing to
its being (apart from the C. C. C. & St. L, Ry.) a short and
diiconnected line, its expenses in previous years had been
large and the cotnpany had been unable to make a fair return
to its investors.
It was also a good thing for this company, as
it perfected its line via the capital of the State, and also gave
an additional line to the lake at Sandusky, over which the
business is steadily growing.
The Directors also, early in the season, found a condition of
aflfairs between Anderson and Indianapolis, and Anderson and
Greensburg (via Rushville), which disturbed them. The Cincinnati Wabash & Michigan Railway, extending from Anderson to a point on Lake Michigan, had secured in previous
years a perpetual contract over the hne from Anderson to Indianapolis which was very burdensome, and would in time
have become insufferable. The control of the C. W. M. & Ry
had been bought by outside parties who were extending it to
Bushyille, and were proposing to build farther west and
parallel a portion of our lines.
To prevent this a portion of
the securities of that company were purchased this
led to and heavy freight cars, and quite a number of new style
further
purchases,
until finally in November
last the passenger coaches have been bought, a portion of which has
entire ownership of that company was acquired,
and to been charged to equipment and a large amount to expenses.
pay for tlie same $4,000,000 four per cent bonds of this
company, secured by a special mortgage on that piece of road The latter is a slow method of carrying on improvement, but
it would seem to be the best.
A very large addition will have
were issued; the entire capital stock of that company being
now
owned by this company. $1,294,000 of these 4 per cent bonds to be made to the passenger equipment in order to accommodate the Columbian Fair at Chicago, and it the Company
^°'' outstanding securities, and the
remaining takes care of its local business offering, it will require a large
7o"r,taf!'J, IZP^y.
$8,706,000 this Company has, with which to pay its
floating addition of heavy box cars.
Early last spring, 1,000 heavy
purchase, and a debt of that Company of flat cars
were bought and paid for by notes of the Company,
nm''"!subject l^^
f«00,000,
to which the property was purchased
This payable each month through ten years, with 6 per cent intergives this Company the ownership of the railway
from' Rush- est. These cars have enabled the Company to take care
ville to Benton Harbor and Saint Joe, 206-30
miles, and it will properly of the large and growing stone business on its lines.
require $160,000 of net earnings to pay the
interest on the At the same time, 200 refrigerator cars were purchased on the
bonds issued to provide for the purchase of the
same To this same terms as these notes fall due they will be charged to
report is attached a statement of the earnings and
expenses of expenses. It would seem to be good policy on the part of the
tha line for the last three years, which will
be founnery Company to purchase from time to time such freight equipgratifying as It shows that it will undoubtedly
be a source of ment aa it needed, on the same plan.
profit to this Company. The earnings for
the fi'rst two months
The Company during the year handled 7,801,377 tons of
ol the present fiscal year have exceeded its
proportion of fixed freight at 68-100 of a cent per ton per mile this low rate was
charges by a large amount.
due to two causes First, the ihort crop on our own line, therenegotiating with the Ohio & Mississippi
fore the necessity of getting more through business to offset
R^?^-?'?^^?
*l*
Railway for a trackage
arrangement into Louisville for South
the shortage in local, which consequently reduced the rate
they hope to obtain on fair terms.
>'°^''!
When per ton per mile and, second, the low rate which was forced
?^.l
r'.i'^?
this IS completed
It would seem as though the
system warwell upon us for through business, owing to the cutting of rates a
equipped for business. With the connection
and ^ew York Central lines at Cleveland of the Sike SlTore large portion of the year by some of the trunk lines. Freight
for NewYork and trains of
the Company earned an average of $1-45 per mile.
^^'^ *•*« Chesapeake & Ohio at Cindn
During the year the Company carried 4,975.023 passengers
n«H for
f?,°v'''°'*
^""'Tl'nati
Virginia
and Southeastern tratfic, it. Eastern busine^
is
one mile, at the rate of 2-25 cents per passenger per mile.
provided for. The railways to Cleveland
and sSdusky
Passenger trains of the Company earned an average of $1-03
Dish good facilities for traffic on Lake
Erie the hne to Benton
per mile run. Considering the short crops and the disorgan**"^' -ia Chicago for
ited condition of rates during the first portion of the year, the
the North and West through
J^i^'^-^"
Peoria to the direct West
results of the Traffic Department are very gratifying.
"'^ ^^^* ^^ Southwest through Cairo
.^"''/°
^rZ^^tIt is very satisfactory that the Company has earned more
for
the Southwestern country and through
Louisville «nH money from freight on less mileage,
bo that the earnings per
Cmcnnati for the South. It is also well located
iilhecitres train mile have gone up to $1-45 from $1-37. This is due ia
;
;
;
:
;
;
;
;
;
—
;
;
Mm
T
;
;
:
;
L
;
S"
tVlfr^^''"
'
;
•
;
;
OOTOBBB
THE CHRONICLR
10, 1891.]
and partly to
better West-bound traflSc. The passenger trains also show an
increase.
It w>)uld have been more had it not been for tlie
part to the increase in the siee of loooraotives
fact that in takinx in nosv lines the Company was not able to
re-arrange its schedules in season to have the reduction in
niileago shown in this tiscal year.
The oiM»ratin(j expenses have been largely in excess of last
year, e«iH>cially in the train expenses. This is due to no fault
of the miiuaKement of the Transportation Department, but to
the wages of
the fact that that there was a large increase
m
engineers, firemen, trainmen and switchmen. The manager
ment was confronttd early in the season with the fact that in
the amalgamation of a large number of lines there were different scales of wages for each of them. The men asked for a
uniform rate, and in such adjustments the lowest usually goes
up to the highest, but the highest rarely comes down. By
this process the expenses of the Company were increased during the year about $27"),000. Had it not been for this fact the
4 per cent dividend that was paid the previous year could
have been paid this year. The men were allowed too large an
increase, but the settlement wbs probably a wise one, as, if
less had been given, great dissatisfaction would have existed.
The emploves behaved very well under the long negotiation
that was entered into in regard to wages, and have worked
with faithfulness since the trains of the Company have been
run with great regularity and freedom from accidents, only
one serious accident to a passenger train having happened
during the year, and that due to a broken rail on the St. Louis
Division, by which a sleeper was overturned.
During the year the Company paid out for car service
$63,698 67, against $175,350 89 the year previous, showing a
ne t paving of $1 12,652 22.
During the year there has been expended and charged to
equipment and construction the following
For new passenKer sud frelKht cars
$298,142 03
For adilittonal lands at various points sloDg the line
123,188 39
For 21-4() miles of sldiu 2 constructed during the year at
different iiolnts along the line
109.163 53
40,821 55
Other payments
533
may
be ordered. This latter snm, aa pre Woualr stated, to eetimated at $800,000.
The fixed charges of the Company for the coming y»«ar for
interent and rentals will amount U> about $2,500,000.
The Directors are gratified to call the Ktwkholders' attention to the
fact that, owing to the settlement with the Ht. L'mi« Alton
ft
Terre Haute Co. and the refunding arrangmnent* that have
been carried on, the fixed charges of the (Jompany hare been
decreased, while the earning capacity has been Increased, thna
strengthening the Company's financial position materially.
Attached hereto will be found the balance-sheet of the Company and other statements, list of the equipment in detail,
mileage of main track, double track and sidingn.
The thanks of the Company are due to the faithfulness and
care with which the employes have conducted its businees
during the past year.
All of which is respectfully submitted.
By order of the Board of Directors.
M. E.
Making a
$571,316 40
total of
money was derived from
the issue of new
stock sold early in the year, and from the sale of the various
securities in the Company's treasury, and from an increase of
To pay for
this,
floating debt.
In the coming year there will be nothing required for the
maintenance of the property except the ordinary expenditures.
The track and equipment can be improved with the usual expense. There will have to be purchased at various places sundry pieces of land to provide facilities for the business of the
Company, and to perfect its right of way; no large amounts,
however, will be required. In Indianapolis, in order to provide
for change of tracks and to meet the requirements of the city
in regard to viaducts, there will have to be expended probably
amount of $91,000. Owing to the increase of local business, sidings to accommodate the business of th-i Company
and the various industries along its line will have to be built
from time to time. Twenty-one and one-half miles, it will
be seen, were built last year, and it will require probably as
much during the coming year. Additions to the shops at
Lindale (near Cleveland) and at Bellefontaine must be
built, and should be provided for out of capital.
and
improved shops should also be built at Indianapolis. The
Company has in its treasury 14,226 shares of its common stock,
which ought to be sold from time to time, as money is needed
JUItB 30, 1890,
The management estimate $500,000 as the
net amount that should be appropriated during the coming
year for tbeee various additions and betterments. Twenty
heavy locomotives have been purchased and will replace an
equal number of old and light engines, and the cost of same
will be charged to repairs.
Also, 1,200 freight cars have been
purchased, and one-tenth will be charged out during the year
to repairs, they having been purchased for 120 monthly notes,
which, as paid, wUl be charged to expenses. This is in addition to what may be purchased hereafter and cliarged to
equipment account. The locomotives referred to above were
not delivered until after the close of this fiscal jear, and do
not appear in the attached statement of equipment neither
were all of the 1,200 freight cars delivered and the notes for
same do not appear in the Company's liabilities.
The financial condition of the Company at the close of the
fiscal year Is satisfactory.
It owes $470,000 for the purchase
of cars, which is payable in monthly intalments running
through a period of three and a half years, $110,000 for land
purcha-sed in Cairo for bills payable incurred in the purchase
of the Cincinnati Wabash & Michigan Railway, and the confor these purposes.
;
;
;
struction work of the year, $2,177,944 44. It is also liable for
$800,000 of the old debt of the Cincinnati Wabash
Michigan
Railway, subject to which it purchased that property, almost
the entire amount of the last two items being on long time,
due next spring and summer. The Company has in its treasury a sufficient number of its first mortgage bonds, whi h at
their fair market value will pay this debt whenever the
Directors feel justified in selling the same. The amount due
from the Company on coupons unpaid is $431,47249, for which
it has in bank $430,527 25.
It also owes for bills audited, including June pay-rolls and bills, accrued interest but not due,
dividends unpaid, $1,635,865 09; and it has cash and current
assets sufficient in its treasury to pav this sum.
So that the
Directors for the coming year will" have to provide for the
payment of the bills payable by sale of the securities in hand
and for such construction work during the coming year as
&
.
AND JUKB
80, 1891.
1890.
S
ronatruotion and Equipment
nil? Four Oraln Elevator
(Jcncral Supplies
52,402,061
215,758
601,481
-clun.T.af. &Cblc.RR, latM.Bonds.
320.000
i'Clim.I.af. Aflilo. RE. 2dM.
do .
840,000
•-'C. H. AG. RR. 1st M
do .
275.000
^Kankakee&HeDecaRR.letM.do .
325.000
HV. G. & B. RR. l8t M
do .
450,000
Clnn. & Sprinc By. 2d Mort.
do .
526,000
PoorlaA East. Ry. Ist Cou. M. do
173,000
Clov.Clun.Cliie.>fe 8t. I,. By. (C. W. A M.
Ry. Dlv.) MiirtzoKC Bonds
Clev.Cinn.Chio. & St L. Ry. (Spring.*
Col. Div
1st MortKajte Bonds
Stock owned In Branch Roads, etc..
831,652
Wabash
Clnn.
& Mich. Ry. Payments
on Account of Purchase
440,000
Central Trust Co., Trus. Sink. Fund.
under Ist Mort. St. L. Div
Capital Acct. of Fast Fet. I.lnes.etc.
11,102
.'<l)«ci8l Bond Redemption Fund
351.856
I'lum Street Depot Improvement...
13.092
(lark's Hill Elevator
2,844
hloane Pro|)crty, Sandusky
,,..
Peoria & East. Ky. Loan Accoont
Advances to Branch Lines
3,608,878
Cash in Hands of Treasurer
414.235
Cash la Banks to Pav Coupons
327,389
Cash
Bauks to Redeem Bonds, etc
4,57
Bills Receivable
4,326
Accounts Receivable, Balanoea due
from RR. Co's and others
409,539
Station Agents
167,790
U. 8. Govt, and P. O. Dept
95,969
.
)
m
Total
-
'
AS8ICT8
the
New
President.
COMPARATIVE GENERAL BALANCE SHEET.
;
:
INGALLS,
CiNCDiNATi, September 80, 1891.
1891.
Ine. or Dec.
8
S
75.194,110122,791,149
218.758
56-',653
D 41,429
326.000
16,000
840,000
275,010
325.000
450,000
526,000
...;
D 173,000
2,706,000 13,706,000
98.690
886,348
I
98.690
I54,79e
2,762,263
I
256,000
18,002
349,056
2,322,265
256.000
16.900
D 2,800
D 13.092
140
110.000
I 235.981
1)9.066
D 60.499
I
2,884
10,000
235.981
3,509,812
353,736
430,.'.27
103,188
I
15,045
8,760
I 10,474
14.434
689,088
161,381
98,745
I
279.549
D 6,408
I 2,776
62,815,343 91,396,843128,581,49
LIABILITIES.
1890.
1891.
Inc. or
Deo.
$
Capital Stock. Common
20.500.000 27,247.305 16,747,305
Capital Stock, Preferred
10,000.000 10,000,000
fcCapltal Stock, C.8. & C.Pref.* Scrip
428.997
1 428.997
C. & I. RR. 1st .Morfffaee Bonds....
295.010
294.000
D 1 ,000
C. 4 I. RR. 2U Mortgaifo Bonds
707,000
D 18,000
689,000
I. C. & L. RR. Funded Cou. Bonds..
1.50
22.750
D 22,600
I. C. & L. RR. Mort. Bonds of 1867.
379,000
379,000
C. t. St. L. & C. Kt. 1st Consol.
Mortgage 6 per cent Bonds
760.000
753,003
D 7,000
C.I.etL.iC.Ry.Gen. st M.4p.c.B'l8 6.835,00) 6,823,000
D 12,000
B 4 I. BR. Ist Mortgage Bonds...
173.000
191,000
18,000
C. C. C. & I. Ry. let Mort.S F.Bonds 3,000.000 3.000,0iM)
C. C. C. & I. Ry. 1 St Con. Mort. Bonds. 4,089,000 4,06 -.000
D 2,000
i
D
C.C.C.4,I.Ry.Gen.Con.Mort. B )nds. 3,205.000 3.205.000
I A St. L. RR. 1st .Mortgage Bonds. 2,000,000 2,0110.001
I. * 8t. L. Ry. Ut Mortgage Bonds.
500,000
500,000
C. C. C. & St. L. Ry. (C. V. & C. Ry)
Ist .Mortgage Bonds
5,000,000 5,000.000
«C. L. * C. RR Ist .Mort. Bonds
794.000
1 794.000
"C. * 8. Ry. 1st Mortgage Bonds
2,000.000 12.000.000
K;. 4 8. Ry. 2d Mortgage Bonds
125.000
I 125.000
8C. O. 0. & 8. L. By. (St. L. Div.) 1st
Coll. Trust Mortgage Bonds
10,000,000 1 1 0,000.000
ec. C. C. & St. L. Ry. (W. W. Val.
Dlv.) Mortgage Bonds
650,000
1 650.000
SC. 0. C. * St. L Ry.<C. W. & M. Ry.)
Dlv.) Mortgage Bonds
4,000,000 14.000.000
fC. a 4 C. RR. 1st C- 'n. Mort. Bonds
3,483.000 I 2.483.00O
88. D. 4 C. BR. Ist Mortgage Bonds
I 123,000
123.000
»C. 0.
C & St.
L. (Sp.
4
Col. Div.. 1st
Mortgage Bonds
1,099.330
.500
C. 4 L. KB. Equip. Bonds Unred
ftOO
I. 4 C. RR. Booda Unredeemed
1,000
1,000
B. 4 L BR. Bonds Cnrodeemod
1.000
1.000
BlUaPayable
2,343,425 3,177.944
„
Bills Payable for Land Purohased,
I
1,099,310
I.
Eaat St. Louis
16.500
•Bills Payable for Cairo Transfer.
110.000
110,000
IMo. Car 4 F. Co., New Box Cara....
410.000
470.000
Bills Audited ilnoljune Pay Rolls)
1.209,6«fl 1,986..52i
.\ccrue<l IntcH'St on Bonds, not due
381.965
288.0.18
Coupons Unpiiid
327.390
431,472
Dividends Unpaid
10.387
15.378
Balance to Credit of Income Acet.
733,278
633.717
O 165,480
D 16,000
.
.
Totlkl
"ieo.oiio
I2«,S.VS
195.937
1
104,083
15,011
I 101.561
62,815,343 91..396,843I28,58l,4»»
C
4 per oeot
2 These booda are deposited under the C. I. St. L. 4
Aaeamad IB
martmst. 3 See explanation In President's report.
seearpropertiea
and
the
and
bonds,
e
7
Heretofore
these
f>iirohM«.
ng same, wlilah have been Hcqulred hr this Company, have not appeared OB the iMlanie sheet as assotx or llabtlltlea; the Interest, however, on the bonds baa l«eD include<l In fli^d obMces. Tliey are now
made to appear in the oonstrurtion aoo >uut aa saaeta and among the
outstanding bond liabilities. 8 Hee sUtement of tflknaoctlona In Pieal• Payable In February. 1892.
paymenta ext Monthly
di'ut's report.
tending over a period of 3^ years.
THE CHRONICLE.
534
COTTON.
(^ommtvtml gimes.
COMMERCIAL EPITOME.
glxje
Friday Nioht,
Fridat. p. M.. October
for prime Western, with refined for the Continent quoted at
7-15@7-35c. The speculation in lard for future delivery has
been dull and prices have declined. Western packers were
free sellers on the report that the new com crop will be ready
for marketing earlier than usual. The sales to-day were at
January.
DAiLT otiosma PBioBs or LABD FirrosBs.
7-18c. for
7-10
7-15
7-09
714
706
7-05
r*«r.
6'98
7 00
718
7-17
7'27
7'37
7-10
7 09
701
701
718
7-18
7-lt
7-12
Bat.
October delivery
o.
o.
e.
o.
November delivery
December d-Uvery
January delivery
7-30
Hon.
Ted.
Tiies.
702
7 03
/Vi
6-95
C-98
7-22
7'29
7-29
723
o
February deUvery
Pork has been dull and prices were to-day revised on a
lower plane; quoted at flO 50@10 75 for old mess, |11 50®|12
for new mess, $10 75@$11 for extra prime and |13 50S$14 50
for
Beef has been dull; extra mess, $7 75a|8
clear.
25;
50® $10 50; family, $10@$12 per bbl.; extra India
mess, $17 50® $20 per tierce. Beef hams are quiet at $13 per
bbl.
Cut meats have been dull and prices show some de-
packet, $9
Pickled
SJ^'aS^c.; pickled
shoulders, 6@63^c., and hams, 9i^@10}^c. Tallow is quiet
but firm at 5® 5 l-16c. Stearine is quiet and easier at 8@8%c.
in hhds. and tcs. Oleomargarine is held at 73^c. Butter is
pression.
Quotations:
bellies,
Cheese is firmer at SJ^'g;
fuU cream.
Cofifee on the spot has been quiet and prices have declined
Eio No. 7 is quoted at 125^c. To-day's sales included 250 bags
Rio No. 6 at 13J^c. and 1,000 bags Rio No. 7 to be shipped at
llj^c. store terms. Mild grades have also declined. The speculation in Rio options has been fairly active, but at declining
prices, due to weaker Brazilian advices. To-day, however,
the market was buoyant, on covering by " shorts," stimulated
by stronger European advices and buying for European account. The close was firm, with sellers as follows
for creamery.
firmer at 21@37c.
9Jgc. for State factory,
;
evening the total receipts have reached 399,384 bales,
against 330,936 bales last week and 216,386 bales the previous
week, making the total receipts since the 1st of Sept., 1891,
1,036,952 bales, against 1,129,515 bales for the same oeriod of
1890,showinga decrease since Sept. 1, 1891, of 92,568 bales
Receipts
1
ll-20o.
ll-15o.
December
a decline of 20
Raw sugars have been fairly active at slightly better prices,
closing firm at 2 15-16c. for fair refining muscovado and 3%c.
for centrifugals, 06 deg. test. The sales to-day included two
cargoes muscovado, 89 deg. test, at 2 15-18c. and 4,000 tons
Java, 96 deg. test, at 3 5-16c. Futures were unchanged, closing at 3-22(1 8 -280. for December. Refined has been fairly
active and firm crushed is quoted at 5 a 51^0. and granulated
at4J^(a4J^c. The tea sale on Wednesday was a large one
—
®
1
1
Wed.
Tuet.
7,055 13,251
5,583
Thurt.
8,476
1
5,525
<1eo...
Orleans...
Mobile
Florida
9,398 19,800 24,026
3,086 3,S83 3,653
Savannah
6,759 18,213
6,155
9,811
9,668 15,031
862 1,717
6,344
7,188
4,338
5,148
PortRoyal,*o
Wilmington
2,265
2,613
1,624
1,120
2,716
1,530
4,729
2,579
4,379
2,925
4,505
3,136
Waefc'gton.ic
Norfolk
West Point...
N'wp'tN'g,&o.
jFW.
row.
8,497
1,426
9,633
1,796
48,387
67
6T
58,444
4.765
«8,197
1,426
87,551
14,987
6,495 11,311
4,765
1,727
3,452
93
1,820 1,684
19
3,430 4,43S
2,835 3,748
Brunaw'k, Ao.
Oliarleston
98
11,410
19
24,192
10,751
>68
300
834
S95
303
200
Sew York
366
204
66
83
115
42
154
352
226
85
395
411
Baltimore
PbUadelpb'a.Jco
1,280
rotaU this week 39,561 73.614 53,101 43.030 40.485 50,573 299,364
For comparison we give the following table showing the
week's total receipts, the total since September 1. 1891, and
the stock to-night, compared with last year.
1890.
1891.
Receipti to
1891.
Week.
240,548
1,966
278,740
57,148
67
218,165
13,120
91,866
105
33,935
47
53,509
36,211
53,019
302
73,532
13,803
7,099
368
200
834
395
1,480
1,106
2,621
791
423
140
206
137
1,250
5,627
1,113
1,
1890.
1891.
242,981
69,354
180,812
1S,224
89,371
15,994
108.808
66,015
104,011
6,981
44,935
20,891
19,474
29,364
14,612
38,659
2,204
165,265
11,000
9,064
3,127
38,757
5,500
3,432
2,927
299,364!l,036.952 296,119 1,129,515
731,033
426,294
NwptN.,&c
..
Boston
Baltimore. ..
PhU'del'a,&o
Totals
Mtoek.
Since Sep.
1, 1890.
104,325
48,387
1,426
87,551
14,997
67
3avannah. .. 63,441
4,765
Bruns., dio.
Charleston .. 23,197
93
P. Royal,Ao
11,426
Wilmington
19
Waah'tn,ibc
24,192
Sorfolk
West Point. 16,753
aalveston...
El Paso.Jko.
Sew Orleans.
Mobile
Florida
Slew York.
TMe
Since Sep.
This
Week.
Oct. 9.
733
224,628
50,222
7,917
240,724
27,407
121,864
25
53,923
67
103,444
44,735
1,952
58,ti04
11,418
23,320
9,866
23
28.533
14,581
4,528
634
411
644
In order that comparison may be made with other years,
give below the totals at leading ports for six seasons.
1890.
1889.
49.813
87,551
14,997
58,444
28,390
11,445
24,192
17,121
7,511
53.321
73.532
13,803
58.601
23,320
9,839
28,533
15,004
20,118
52,643
74,522
13.447
60,131
16,332
9,080
21,213
13,693
12,513
299.361
296.119
InoeSept.l. 1036.952 1129.515
at—
(Jalv'Rton,&c
(few Orleans
Mobile
Savannah.
..
Oharl'8t'n,Ao
Wllm'gt'n,&o
Sorfolk
W't Point, &o
4J others
1887.
1888.
1891.
ll-lOo
I
Mon.
Sat.
Hew
Receipt!
January
ll-OOo. April
February
ll-05c May
Marcb
lllOo. June
80 points for the week.
11-850.
ll-15c.
11-050.
at—
Galveston
ElPaso,
:
October
Ifovember
1891.
this
Oct. 9, 1891.
moting speculation
was not pressed with much vigor. Breadstuffs also felt the
early in
influence of the storms. The recent droughts caused
it would
the week a decline in corn, owing to indications that
make the new crop ready for market much earlier than usual.
General trade is moving along with a fair degree of spirit, but
presents no salient features.
Lard on the spot has declined, the lower prices leading to a
6-95(a7c.
fair business at the close at 6-75c. for prime City and
December and
9,
The Movement of the Crop, as indicated by our telegrams
from the South to-night, is given below. For the week ending
a porThe weather was cold in Northern latitudes during
reported
were
snowfaUs
and
review,
tion of the week under
extended so
from the extreme Northwest. The cold weather
frosts, more
cause
to
as
Valley
Mississippi
far southward in the
region, proor less severe, in a portion of the cotton-growing
however,
for the rise in that staple, which,
T'Olo. for
Lni
[Vol.
w«
1886.
37,774
81,477
9,532
55,743
28,394
10,576
25,339
33,358
5,733
33,975
62,334
7,758
46,313
30,110
8,395
26,375
12,001
3,337
273,609
250.644' 276.876
230.238
991,782
744.113!ll82,833
816,779
35,346
64,733
8,439
43,795
39,809j
13,858]
30,421
19,581
5,862
;
and prices were easier.
Kentucky tobacco was
sold for the
week
to the extent of
rot. this week
about 250 hhds. at firm prices. Seed leaf has been more
The exports for the week ending this evening reach a total
active, and sales for the week are 2,518 cases as follows
530 of 161,356 bales, of which 94,368 were to Great Britain, 25,984
cases 1890 crop, Pennsylvania Havana, lli^@40c.; 338 cases to France and 31,036 tothe rest of the Continent. Below are
1890 crop. New England Havana, 20^c8 52c.; 100 cases 1890 the exports for the week, and since September 1, 1391.
:
crop.
New
England
seed,
21@35c.;
Zimmers Spanish, 113^® 16c.; 200
450 cases 1890 crop
cases 1890 crop, Ohio, S\i4
lOc; 300 cases 1890 crop. State Havana, 15ra 20c.; 400 cases
1890 crop, Wisconsin Havana. 12?^* 16c., and 200 cases sundries, 7fffa5c.;
also 700 bales
Sumatra, $1 90« $3
Havana, 70(d$l
15,
and 400
bales
00.
On
the Metal Exchange Straits tin sold to-day at 20-20c. for
March and was quoted at 2015c. on the spot. Ingot copper
18 easier and dull at 12 -200.
Domestic lead declined to-day
closing at 4-45c.
The interior iron markets are dull but firmmuck bars sold at $26 50, deUvered; steel rails in better
demand, and held firmly at $80.
Refined petroleum is quoted at 6-45c. in bbls.,
7-80c
CMes and 3 95c. in bulk; naphtha, 5-75c.; crude in bblsin
6-65C. and in bulk 8-15c.
These prices are shghtly dearer.
Orude
certificates
cloeing
were
less active, selling to-day at
OOJI^ *61c
Spirits turpentine is easier at 37.(i37i<Cc'
at 60%c.
Roeins are lower at $1 32i^rd$t 37)^ for strained.
moderate demand and prices are barely steady.
firm and more active.
Wool is in
Hops are
Week BniUno
From
Oct. 9.
Sept.
Great
from—
flrtt'n.
Franee
Galveston
23.011
1,276
New OrU»n».
83,011
17,863
Oontt-
IV>taI
nmt.
Week.
3,250
1,
1S91, t« Oct. 9, 1891
Exported to—
Exported to—
Oonti-
<^r«at
Britain. France
30.636
50,897
72,607
71,156
at,697
18,021
6,879
9,611
11.199
27,829
nmt.
TVlM
.
7.080
93.786
2>.S33
121.617
11,087
M.061
Mob. i. Pano'Ia
g&Tnanah
Bruniiriek
Charleston
—
....
6,879
6,600
Wilmington...
Norfolk
Weit Point...
N'portNw»,*o
New York
BoHton
Baltimore
Phna(lelp'a,&o
10,037
18,«S0
2,200
6.600
2,200
...
11.12«
1,986
1.185
(.711
2,200
6.711
12,770
1*6
7.S18
1,200
(.823
S,181
1.613
885
9.611
ll.UO
20,512
6.181
6.668
886
70,8»0
11,782
9.797
2.178
1.962
17.699
»J.s:i
1,600
9.09*
11.782
20.493
2,17»
94.386
25,91)1
31.028 151.358
J74.903
19.780
81,565
i06.2l3
Total. 1890.... 123.291
11,689
39.768 176,018
133.1-8
32.071
112.963
603.152
Total
OCTOBKH
THE CHRONICLR
10, 18»1.J
In addition to above exporw, our telegrams to-night alHO
give us the following amounts of cotton on 8hipl)<>ara, not
We add similar figures for
Seared, at the ports named.
New York, wliicli are prepared for our ajjecial use by Messrs,
Oarey. Yale & Lambert. 24 Beaver Street.
On
Oreo/
BHIaitt.
New Orleans...
900
None.
17.8<7
2.004
10,000
10,800
None.
None.
6,300
14,000
11.999
61.331
8,899
None.
None.
None.
Total 1891... 103,403
Ualvedton
BkTknnab*
.. ..
New York
Otber porta
Ooatt-
OIKer
Franct. Ftirttgn
200
2.000
128.824
61,015
83,S0H
None.
10.000
None.
4,000
90.988
43.310
25.000
13,900
None.
19.000
12.300
86,000
23.665
200.39S
530,637
2,766
1.999
3.000
1.900
n
'rs
**
3~:
n
_
;
«/
0000
i*
0» ^
00 CD
2
'>•*
ttOOOX
^
QDOD
00
5
ODOO
^
ooop
2
•?>:
o?3
2
ft.":
I
^
2
QDCO
to'i
Good
711,6
Slid
8I>8
.Middling
9>fl
914
lOJs
lOif
ScrlotGood Middling
Middling Fair
Fair
GOLF.
itat.
7%
1\
8%
6H
7%
7«B
00 ob
».":
OOOOOOO
woo
.^
(OCO
9
2
^M
2
7l»„
V'*
7",.
83
8',.
8V1
8%
8«',8
8»g
8iln
811,(1
8\
8^
»\
914
914
9»,6
9I4
9*i<i
9^
10',,
10»g
»3lB
9*16
103,«
10t„ 10 >4
109,
„
<o-o
»?
u
totoz>*£>
,iej^ei
ijcj^cj
o
lOOg
non Tne» Wed Tb
9tI
a
^w
wo
V lb,
Strict
Good
67,«
6'e
^\
8i«
8J«
8'8
91,8
9»,«
.Middling
,
Middling Fair
109,6
F»lr..
,
STAINED.
Good Ordinary
Good Ordinary
6H
6,0.
6"„
7'3i,
83i«
si'"
8ii„
816,6
9>s
968
918
10
10
10»8
tOBg
11
7'e
8»8
T't
8>4
8»g
9
9
9
814
U
Sat.
nonlTaM Wed
(OCD
«OtD
I^W
UiO
W*-
5^
^Ib.
«3»
714
Strict
Low Middling
8l„
MlddUng
I""
Z?i«
8i«
51J,fl
76.6
8>«
ST,
61a
WW
,^00
WW
WCI
Aw
MW
•
o
0-4
«
<D«O<0
I
739
83,.
Mme days.
Xxport.
I
163
394
B3t
388
««.noo
100.200
70.300
119.900
125.400
119,700
46 1.930
1,976
574.300
fi4
.
Total.
Con- Mpee- Tran». uf-t's
tump.
M. Total.
540
I
Friday... iijuiet
Satao/
ruturt$.
540
54
162
354
933
334
Saturday Qidetat i,«dec.
Monday.. Steady at 'ig ad.
Tuesday.. y met
WedMsy Very flmi,>,« tA.
Thursday Siesdy
46
*?>:
o
a
opooox
»i30D®ob
^
^
•^o
2
COD
6<6
ot&
2
ar:
I
w
«ieoto
<otS9<e
oco
5^
.
<o<oq^
tito^to
r^tO®r-
(CM
2
ceote
^^o,j
»»
MO
2
«»:
<0<OCC
.
«.
(fi^oote
^
2
"
<
MO
2
WM
w-i
w
-J~l
2
"^
<DtDO<0
(OtOOO
^
WW
-!».
WW
MO
o
<ocoto
2
<
«
I
:
•
I
-J
ceo<o
:
2
"
I
«
-o
er:
«
I
:
00
o
<otfroco
e<eo<e »<eo —
»W*^W WW*"
i**.(0
00
<e<o
5
is
I
«
!
WW
S
«
I
:
«
-J
tevptt
w
w
i:
10
-ii
2
'^
*300
I
««b« e
»
"
01
a
1
:
*•'
'
'
«:
2
•'
:
I
•:
»-»
,
o<o
w
•
Fri.
The total sales of cotton on the snot and for future delivei^
each day during the week are indicated in the following
statement. For the convenience of the reader we also add
k column which shows at a glance how the market closed on
CLOSED.
2
<
M
««OI0
I
I
I
*
I
1
|«:
I
BALIS OF SPOT AITD TRAKBIT.
I
«
I
I
wo
MARKET AND SALES.
SPOT MASKBT
•<
8»8
8*16
2
"•
w
CDtOO^
»
M
6^
8»,»
oiw— •
ootooz,
<oto
w
•
OCX
I
ta
«.-^.
00
CC'OO
».=>:
I
coo
»r
I
(C;D0(^
I
»'8
7*
^
2
w
<0<0
<o,ooto
8H
Tta.
2
»«:
I
«o,&oco
CCCOOO
93,,
9',«
»3l6
911,6
9>lie 911,,
10i,a 10i.« 101,,
10Ui« lOii.e 1011,6
111,.
lli,« 111
lowi
00
,"1
2
•»:
I
^w^J, rf^w^w ww®w »W M tiji^w
OD0,y OP
<io»
» ^» ta WW o
7
7^8
aa>
»*;
WW w ww°ci
«r
6.. ~6»I«
6»,«
7
2
WJDM*<
OO
<DCO
2
"
(OtCOfO
to
"?
Ordinary
Scnot Ordinary
(lood Ordinary
Strict Good Ordinary
Low Middling
Strict Low Middling
Middling
Good Middling
^
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I
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ee
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le
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OCCO
I
total sales for forward, delivery for the week are 574,300
For immediate delivery the total sales foot up this week
1,976 bales, including 46 for export, 1,930 for consumption,
bales
in transit. Of the above
for speculation, and
were to arrive. The following are the official quotations for
each day of the past week October 3 to October 9.
6»e
«*,e
7',«
:
as w
The
ISon Taea \g«A Th.
•
I
OOOnQOD
"
»10>
»r:
aen
balea.
—
2
*•
JO)
I
lands.
61..
I
^
I
;
61,
B
10.3(i4
;
6
67i6
7*ie
•
a-
!
•
1J.-.J24
;
lb.
o-r^
:
a
153.065
27,332
A
Ordinary
Strict Ordinary
Good Ordinary
Strict Good Ordinary
l/Ow Middling
•crict Low Middling
Middling
5:
S
•
82. 11.1
pressed by weak foreign advices and the full crop movement,
but the market on Monday was quite buoyant on reports of
low temperature in the northern belt, threatening frosts more
sharp rise in futures at Liverpool was
or less severe.
attributed to the same cause. On Tuesday it was reported
that the frosts had done no harm, and values opened lower
but rallied and made a slight advance on a demand of local
" shorts" to cover contracts. On Wednesday there was a
renewal of frost reports, and a killing frost was recorded, (on
the Government weather map), at Fort Smith, in Northern
Arkansas, with the temperature quite low in the Southin
New York
only
Buoyant markets, not
west.
but in Liverpool and New Orleans were the result.
On Thursday there were fresh frost accounts, including a report of a killing frost in Northern Texas but the conviction
gained ground that no serious damage had been done, and the
early return of warmer weather was predicted by the U. S.
Signal Service Liverpool turned easier at the close therefore, values with us, after opening slightly dearer, began to
give way toward lower figures. To-day the U. S. Signal Service
confirmed reports of killing frosts as far South as Shreveport,
Aberdeen and Selma, and our market had a stronger opening,
but most of the earlier advance was lost in the later dealings
under sales to realize, prompted in a measure by the free crop
movement. Cotton on the spot has been cjuiet, stocks show
considerable accumulation, yet prices have improved and the
close to-day was firm, though quiet, at %% for middling up-
Sa.x.
0-ro
;
ili
'
UPLANDS.
:
:|ir
I:
tfrr
221.384
Total 1890... 107,155 16.008 8l7082 20,669 304.910
196.457
87,617 30,119 44,120 20,436 172,201
Totol 1889...
Estimated.
The speculation in cotton for future delivery at this market
opened the week under review with values somewhat de-
—
the
\>j
2III
Block.
Total.
u)Ue.
ihown
are
I'
Shipboard, not eltwrtd-for
21.486
88.417
10,00*
1,^00
None.
e.'OO
5.000
18.000
CharloHUin
Mobl,«
Hortolk
The Sales and Prices or FaTOEBS
fullowing comprehensive table:
L4avtnt
at-
Oct.
635
i:
I
I
I
I
!«:
I
li
i:
I
I
I
*
I
I
I
I
I
«:
Includes sale* In September, 1891, for September, 19,600.
included in the above table, and shall oontinne
week to give, the average price of futures each day for each month. It
each day following the abbreviation "ATpr." The
found
under
will be
average for each month for the week is also given at bottom of table.
•
HT' We have
,
The following exchanges have been made daring the week:
17 pd.
14 pd.
to exoh. 100 Deo. for Jan.
til exch. 200 Jan. for Feb.
•47 pd. tn exch. 201) Oct. for Jan.
I
-18 pd. to eieh.
-10 pd. to eioh.
100 Deo. for Jan.
200 Dot. tor Nov.
|
The Visible Sophly of Cottos to-night, as made up bv cable
v
well as
The Continent.il stocks,
is as follows.
those for Great Britain and the afloat are this weeks retams,
and conseiiuently all the European Bgures are brought dowa
But to make the totals the complete
to Thursday evening.
flgores for to-night (Oct. 9), we add the item of exports from
the United States, including in it the exports of Friday only.
and telegraph,
I
THE CHRONICLK
536
1891.
1890.
bales.
633,000
460,000
29,000
Total Great Britain stock.
fltocV at Hamburg
647,000
4.300
fltockat Liverpool
ii.uw
etookat London
Btook at Bremen
Btook at Amsterdam
Stack at Rotterdam
Stock at Antwerp
Stock at Havre
Stock at Marseilles
Btook at Barcelona
Stock at O ^8tookatT.i>?te
iR?'nnn
^?o'22S
lO.gOO
toon
Qnnoo
30.000
489,600
2.200
18,000
2,000
200
4,000
101,000
3.000
12,000
5,000
5,000
Total Continental stocks
330.600
15^.^00
?7'Knn
"%nn
^"O
Amer.cotfnaOoatfor Europe.
EeTPt,Brazll,&e.,afltforE'r'pe
Stock in United States ports ..
Stock In U. 8. interior towns..
United States exporte to-day.
1888.
270,000
9,000
367,000
1,600
9,900
5,000
279.000
300
300
700
71,000
3.500
9,400
4,000
8,000
52,000
4,000
22,000
9,000
6,000
2,000
25,000
5,000
7,000
_U7.3£0 _126^0
405,900
32,000
197,000
484,800
41,000
342,000
25,000
3«S,658
124,545
51,482
641,400
33,000
395,000
31,000
426,294
107,925
31,328
18,000
407,928
150,192
29,933
2,268,878 1,665,947 1,437,485 1,240,953
Total visible supply
other descriptions areas follows:
Of the above, the totals of American and
.
Amertcan—
175,000 190,000 161,000
474,000
bales.
Liverpool stock
48,000
44,000
46,000
Oontinentalstocks....
oRo'nnn
395,000 342,000 197,000
269.000
Europe...
American afloat for
426,294 368,658 407,928
United States stock ........... 7^J'"g*
107,925 124,545 151.092
191.133
United Stateslnterlorst«ck8..
29,933
51,482
31,328
3b,ll0
States exports to-day.
United
London
994,053
1,898,278 1,181,547 1,120,685
Total American
Matt Indian, BroMU.acLiverpool stock
„.
...
^??'SSS
158,000
21,000
73,800
41,000
25,000
109,000
9,000
78,900
32,000
18,000
370.600 4S4,400 316,800
1,898.278 1,181,547 1,120,685
246,900
994,053
2,268,878 1,665,947 1,437,485
l,a40.9.=)3
stock....
385.000
29,000
106,400
33,000
31,000
,iHRS
Oontinentalstocks
India afloat for Europe.
Egypt, Brazil, Ac, afloat
^%%nnn
^t'^SS,
28,000
Total East India, Ac
Total American..
Total visible supply.....
Price Mid. Upl., Liverpool..
Price Mid. Up!., New York.
—
Quotations fob Middlino Cotton at Other Markets.
Below we give closing quotations of middliuii cotton at Southern and other principal cotton markets toj: each day of the week:
416, «d.
5\d.
8%c.
1038C.
(g~ The imports into Continental
6'4d.
10=80.
ports this
6,000 bales.
Boston
81a
8»i
8I4
7i»ia
8
814
838
8;ii6
Baltimore..
Philadelphia
a
New Orleans
Mobile
Savannah
.
Cliarleston.
Wilmington.
Augusta..
Memphis
AT THE Interior Towns the movement— that is
888
8h9
§,'!«
8I4
71318
8»4
7i3ie
8
S'.g
8»8
8
SM.
838
3=9
S>a
Fri.
838
8'4
77a
8»8
838
8Vt
7'8
8ifl
8%
Sk
838
8\
8%
SH
838
s\
8'*8
9I6
^>
9I8
8>4
8'll8
8918
8"l8
8^
6«^
9
8i.«a>8
9
8l,.«i8
81,6
8',6
858
838
87,8
87,8
8»8
838
'19
8',,
She
Bhi
858
839
8»8
8»8
'
8»a
8',8
at other important
Newberry
81,.
8I4
Raleigh
8
Natchez
83l6
Shreveport
.
8^4
778
Week
andmff—
Beceivtt at the Porte. St^k at Interior Totvns. Bec^pta from PUinVne,
1889.
1890.
1890.
1891.
1889.
ei.43S
IS.SOo
I
1891.
1889.
"
Oct.
"
the receipt*
for the
for the
in the
m.388
98.190
28.«08
K6.S48 17I.70Sl5a.05fi
M.
191.638 211.622 8 la.asa
246,374 248,938 230.986
11.195
46.8SA
.
2...
9...
S2.U94
87,71»
373.609 29<).119'299.S64 124.545
The above statement shows:
1.
I
67.885 100.894 64.616
28..501 66.530 99.395 131.421 108.''9«
40,896 85.160 141.987 1S3.803 177.68*
63,353 108.211 207,604 234.479 239.487
87.879 142.246 288.250 271.464 266.001
107.U26ll91.H3 810.112 3 6. 16 J 348.261
21,448
IS...
1891.
1890.
I
Sept. 4....
"
11...
68,024
[
1
—Tliat the total receipts from
the plantations since September
1, 1891, are 1,172,156 bales; in
1890 were 1,223,870 bales; in 1889 were 1,102,768 bales.
2.
That, although the receipts at the outports the past week
were 299,864 bales, the actual movement from plantations was
548,351 bales, the balance going to increase the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 318,165 bales and for 1889 they were
310,412 bales;
—
Overland Movement foe the Week and since Sept. 1.—
statement showing the overland movement
As the returns reach us
for the week and since September 1,
We give below a
S n S < » o p n-o'crT c R
by telegraph late Friday night it is impossible to enter so
largely into detail as in our regular monthly report, but all
This weekly
the principal matters of interest are given.
publication is of course supplementary to the more extended
monthly statements. The results for the week ending Oct. 9
and since Sept. 1 in the last two years are as follows:
"
o'
ftp''
•
•
•
S'5»a"5S'
^iii
1890.
1891.
osT- <o -^ -^ tt to^x ©woo 01 w cj' #. c tc coco o " oc <,
4nV
h* 10 V uo
_
ail*OWh-WCOW<l<,^CO*..CCtOOD^CW —
tSCCObOkOOOQO^O^QDtOOOf.CX'l-'HOV OiV
October 9.
—
Since
Week.
Sept.
1.
Since
Wetk.
Sept.
1.
Shipped —
10
MM
*J10
MH-M
M
Via
Via
Via
Via
Via
Via
Via
WMCflMWrffc
to
OSWWMMaloM0DWWMCnrf*':qxcfiV,x'kMaaMMCOtOl©M^
i^tOKi^o>a>(xah'toc}<-^aDaDtooo3cccitCit.b..^<*-ei9uocoiouito
»0i(»UI^C0WO0)0DMaDMV1Mts)O030:aiCl^^tD0iQD0DV|fkH0)<D
WM
M;OMfcOMMMMM
ZPtO
'u OS CD 01 C:
OlVl'rf..
CP w"r-
KiOiOUlrf^tc
V 10 C <C Ui o:'.-!; CD o O
co>»*o'oot--no; c:MCit*toMotixctccc.^c<,Kixitk.-ocjctf*
tOlOQOM<DOCCDOC'CCi(X(XCa.COWUiif..QCDt4
WJ^MMWaO-UI
f;
;
M MQCQCj W^ O'OO ^;
«» W O: « (« l«
<J>
CT
M M
St Louis
Cairo
Hannibal
,
Cincinnati
other route.', &o.
MO' CI
Between
Klt)i^^if^4dO<<l#-ODU1QCCaoVMak
<CCOCCCD-.JCCCDWlUOS.-K.^OiK*,CDt?
Inland,
96
154
408
3,204
3,742
6,283
9,181
7,994
15,892
2,637
3,664
5,524
6,969
8,788
16,985
89,9821 27,289
74,970
1,590
3,883
3,500
3,893
4,921
13,194
34,998
2,679
1,S15
3,S0»
10,148
3,351
14,879
7,603
28,S751
7,979
21,008
27,395
61,607
19,310
53,962
towns
from South
o:t-©c-.jtwtf..a:crfkCoc«cDcn"-Ma*.QD
Total to be deducted
MMM
low i^OO^MOiCC^MWCO (3 .-yicoctcu
wos « cc od c V *40 00 m w Vcc o oo louiu o gi'U
5^11-'»0>t5«»CMU>COCWMCDO»'K>;OKltOOo3o>0>0~atO*.
SOdiO^iaUOOCe-JMOJM^IM — MWCDCOO-JQOCCOJXOieaQOuS
Leaving total net overland*
s'cooo oa AotaToi h*
movement by
15,936
18,174
9,76*
29,535
14,611
12,683
interior
iSic.,
6,640
6,352
2,318
12,629
4,683
4,457
Evansville
Louisville
Total gross overland
Deduct sinpmeyits—
Overland to N. Y., Boston, Ac.
HCT.
OGcuiccoiMuac;',
Canada.
The foregoing shows that the week's net overland movement
this year has been 37,395 bales, against 19,310 bales for the same
week in 1890, and that for the season to date the aggregate net
overland exhibits a decrease from a year ago of 7,615 bales.
*
.f 8'
M
tOKti^Kioen
SflMMCOpW COp^p©WpopWCOO»UfWC;(tc|OCDOOait.-K.OO
Vi© McoaV 1^ w w wa^Xja w »7,^ aoD'^'wac *. c;»0)c;»'.-Ma)
OUMUXxUM^<cceaacsaDOr-a>Wv]h'^a)r'Hi>>>]coffi#>K
-
8a8>8
Selma
—
following statement.
OMM
8H
8»8
Nashville
Receipts From the Plantations, The following table
Indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor Southern
consumption; they are simply a statement of the weekly
movement from the plantations of that part of the crop which
Bnally reaches the market through the outports.
and since September 1, the shipments
week and the stocks to-night, and the same items
corresponding period of 1890— is set out in detail
H
87,8
858
8»8
8=8
838
8Jfl
.
Columbus, Miss
Bufaula
^
8%
*38
The closing quotations to-day (Friday)
M compared with 1888.
for the week,
.
8'i«
Thurs.
838
838
8I4
713,8
9
8i,„a»i
8
..
Wednes.
Tues.
Jfon.
Southern markets were as follows:
Atlanta
83,6 Little Rock
Montgomery
Columbus, Ga.
8
578d.
911, ec.
week have been
81.
Louis .
Cincinnati
LonisviUe. .
St.
m
BH^^"'
Satur.
Gialveston
the cotton in sight
The above figures indicate an increase
to-night of 602,931 bales as compared with the same date
of 1890, an increase of 831,393 bales as compared with the
corresponding date of 1889 and an increase of 1,027,925 bales
•
CLOSINa QOOTATIONS FOB MIDDLINO OOTTOS ON —
Week ending
Ocliibtr 9
Niorfolk
977.600
36.000
269,000
2S.000
731.035
191.133
36,110
Total European stocks.. ..
Indlacotton atfoatfor Europe.
1889.
346,000
21,000
[Vol. LIU.
_
V|^u><cuaDC7>a-jxK>u<ccoauii^«ecDi^oce«-'cou<K.i-Aco
Including
rail to
1890.
1891.
In Sight and Spinneri"
Takings.
vt^ucf
,*jMitk
M*-cooi05'co<,0'aiV'Kj"^oo()"to*»'ikOi'cV,'lio
OtD*JC0^MX*J»M.-©aDl(>.MK>t0MMt)IK'C0O..30DMMOQD*.2
Sa*.u<e»w#.i^eoMMOOMMi^OMM<jo»3«-3S-3wSo5
K-M
MX.
MX
0;
M Ci X W
.- CCI4 ^
y LI W C.
—
*
f
t*;
M*i.
MIOtOM
to*.M
MWX*3^c;,*kJ
Week.
Sri
s-8-3
a
">
0^v£tCi^ClX
w. xwoK^]Ma5*.xwa.-i^«oc?i**S:*^
LonlsvlUe Bgures "net" In both years,
This year's fltmrei estimated.
•
The above totals show that the interior stocks have increased
during the week 43,887 bales, and are to-night 83,208 bales
more
than at the same period last year. The receipts at all the
towns have been 69,597 bales more than the same week
last
year, and since Sept. 1 they are 108,163 bales more than for
the
same time in 1890.
Receipts at ports to Oct. 9
Net overland to Oct. 9
Southern consumption to Oct. 9
.
Total marketed
Interior stocks in excess
Since
Sept.
1.
Since
Week.
StpL
1.
299,364 1,036,952 296,119 1,129,815
53,963
61,fi07 19,310
27,39»
63,000
12,000
70,000 11,000
338,759 1,168,559 326,429 1,246,477
93,355
48,887 135,304 20,016
346,475
Came into sight during week. 387,646
1,339,883
Total in sight Oct. 9
1,363,763
North'n spinners tak'gs
It will be seen
to Oct. 9..
179,532
310,463
by the above that there has come into sight
during the week 387,646 bales,
t.,;ain9t
346,475 bales for the
and that the decrease in amount in sight
to-night as compared with last yrar is 36,069 bales.
•ame week
of 1890,
H
OCTOBIB
THE CHRONICLE.
10, 1S«1,1
Weather Reports bt Telboraph.— Reports
to ua by telfrom the South tliia evening indicate tliat the weather
has been cool and at some points frosty, but favorable for
gathering; the crop, and tliat as a consequence picking and
marketing have progressed rapidly. There has been light
frost in many localities, but our reports show in most cases no
damn(;e to have been done. A few points show killing; frost.
Galveston, Texas. We have had rain on two days during
the week. The precipitation reached fifty-nine hundredths
of an inch. The thermometer has ranged from 57 to 81, aver-
«g:rapb
—
aging
70.
—
687
ported to the Signal Office from Opeliks and Selnu.
Arerase
thermometer 67, highest 89, loweat 45.
Setma, Alabama. -ThS weather has been clear all
the
week. The therriiometer has averaged 71, the highest
beln^
"
90 and the lowest 46.
Auburn, Aluhama.—Tlxen has been no rain all the week.
The thermometer has averaged 68-.5, ranging from 51 to 85
Madison. Florida.— Dry weather hasjprevail«<l all the week
and picking has progressed well. The thermometer has
ranged from S5 to 91, averaging 76.
Columbus, Oeorgia.-We have had no rain all the week.
Average thermometer 71, highest 88 and lowest 50.
Savannah, (feorgia.— The week's rainfall has t)een eightyone hundredths of an inch on four dajs. The thermometer
has averaged 73, the highest being 89 and the lowest 62.
Augusta, Georgia.— The weather has been clear and pleasant, with light rain on one day of the past week, the rainfall
being twenty-one hundredths of an inch. Accounts from the
crop are uniim.roved. The thermometer has averaged 72
ranging from 57 to 90.
Charleston, South Carolina.— We have had rain on four
days of the week, the rainfall reaching two inches and flftyseven hundredths. The thermometer has ranged from 82 to
Texas. There has be'^n no rain all the week,
is active.
Average thermometer 66, highest 88,
lowest 44.
Huntaville, Texas. Picking has been resumed.
have
had one light, harmless frost. It has rained lightly on one
day of the week, the rainfall reaching ten hundredths of
an inch. The thermometer has averaged 63, the highest being 88 and the lowest 88.
Dallas, Texas. Many sections of the State report light
frosts, doing no damage,
It must be understood, however,
that the question of frost is of no importance whatever in
Texas, as, frost or no frost, there will be no top crop worth 83, averaging 74.
picking. The plant has already done all it is going to do. The
Stateburg, South Carolina,— Bsda has fallen on one day of
weather has been dry all the week and picking has progressed the week, to the extent of nineteen hundredths of an inch.
finely.
The thermometer has averaged 65, ranging from 40 Average thermometer 7U, highest 85, lowest .58.
to 90.
I^Hson, North Carolina.— Telegrata not received.
The following statement we have also received by telegraph,
San Antonio, Texas.— It has been showery on three days of
the week, the rainfall reaching forty hundredths of an inch. showing the height of the rivers at the points named at 8
Palestine,
and picking
—
We
—
Picking partially resumed.
The thermometer has ranged
from 48 to 88, averaging 68.
Luting, Texas. It has rained hard on two days of the week,
and picking is still suspended. The rainfall reached one inch
and three hundredths. Average thermometer 64, highest 84
o'clock October 8, 1891,
and October
9, 1890.
—
and
l()west44.
New Orleans
Columbia, TVaro*.— Dry weather has prevailed all the week
is going ahead again.
The thermometer has
averaged 64, the highest being 88 and the lowest 40.
Cuero, Te.xas.— There has been rain on two days during the
week, the precipitation being forty-two hundredths of an
inch. The thermometer has averaged 64, ranging from 40 to
Oct, 9, '90,
Feet.
Feet.
Above low-watermark.
Above low-water mark.
Above low-water mark.
Above low-water mark.
Above low-water mark.
Memphis
Nashville
and picking
Oct. 8, '91.
Shreveport
VloksburK
40
20
60
10-5
7-5
6-4
18-2
4-3
1-8
0-9
—
India Cotton Movement vrou all Forts, Tne receipts
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to October 8.
BOMBAT RECEIPTS AND SaiPXENTS FOR FOUR TEARS.
88,
Shipments this meek.
Shipments since Sept. 1.
Receipts.
Brenham, Texas.— We have had one light shower the past
Oonliweek, the precipitation being four hundredths of an inch. rear
Oreat
Oonti_
This
Sinet
Total.
"«'«••
nent.
Britain nenl.
Week. Sept. 1.
Picking resumed. The thermometer has ranged from 44 to
M, averaging 69.
1891
1.000 17,000
18.000 6,000
32,000
Belton, Texas. There has been one light frost. It has 1890
2.000 2,000
3.000
9,000
12.000 3,000
21,000
7,000 15,000
22,000 2.000
rained lightly on one day, ihe precipitation reaching six hun- 1889 3,000 3,000 6,000
19,000
1888 1.000 3,000 4.000
4,000 17.000
21,000 3,000
16,000
<lredths of an inch.
Average thermometer 65, highest 92 and
lowest 38.
According to the foregoing Bombay appears to show
Weatherford, Texas.— There has been one harmleta frost. an increase compared with last year in the week's receipts of
We have had dry weather all the week and picking is active. 3,00C bales and a decrease in the shipments of 2,000 bales, and
The thermometer has averaged 64i the highest being 90 and the shipments since Sept. 1 show an increase of 6,000 bales.
The movement at Calcutta, Madras, and other India ports for
the lowest 38.
New Orleans, Louisiana. —Rain has fallen on three days of Ae last reported week and since the 1st of September, for two
years, has been as follows.
the week. Average thermometer 73.
"Other ports" cover Ceylon,
Shreveport, Louisiana.- It has been showery on four days Tuticorin, Kurrachee and Coconada.
of the week, the rainfall reaching two hundredths of an inch.
Shipments for the meek.
Shipments since Sept. 1.
The thermometer has ranged from 39 to 86, averaging 65.
Great
ContiColumbus, Mississippi. There has been rain on two days of
Great
Total.
Toua.
Britain,
nent.
Britain. Continent
the week, the precipitation reaching eleven hundredths of an
inch.
Average thermometer 72, highest 90, lowest 35.
Calontta—
Leiand, Mississippi.— R&inf&U for the week one inch and
1891
1,000
1,000
2,000
1890
1,000
2,000
.sixty-five hundredths.
3,000
The thermometer has averaged 68-7, Madras—
the highest being 96 and the lowest 41.
1891
1,000
2,000
3.000
8,000
5.000
13,000
Vicksburg, Mississippi.— Telegram not received.
1890
1,000
1,000
2,000
10,000
7,000
17,000
All
othersLittle Rock, Arkansas.
The weather has been cool and
1891
3,000
2.000
11,000
6.000
17.000
pleasant during the week, with rain on two days to the ex1890
3,000
2,000
1 8,000
8,000
26,000
tent of one inch and sixteen hundredths. The thermometer
Total aUhas ranged from 41 to 85, averaging 62.
1891
3,000
2,000
5,000
20,000
12,000
82,000
Helena, Arkansas. Cotton in the bottoms is being gathered
1890
1,000
3,000
29,000
4.000
17,000
46.000
and marketed rapidly. The crop has not improved and will
BXPOKT8 TO SUROFS FROM ALL INDIA.
be soon picked. It has rained slowly on one day of the week,
to the extent of forty hundredth of an inch, and the indica1891.
1890.
1889.
,
,
—
—
;
—
—
tions to-day are for
more
rain.
No
frost yet.
Average
Skipmtnts
ther-
to all Europe
ThU
Since
This
Since
This
Sinet
lowest 42.
from—
week.
Sept. 1.
teeek.
Sepl.l.
week.
Sspt.l.
Memphis, Tennessee.— Wo had heavy rain on Sunday, the
first in twenty-four days.
The quality of open cotton has Bomba7
6.000
18,000
2,000
12.000
22,000
been lowered since cool weather set in. Killing frosts are re- All other ports.
5,006
32.000
4,000
46,000
6,000
51,000
T".rted at Forest City and Brinkley, Arkansas, and light frosts
ToUl
5,000
.50.000
e.OOol
12.000
5S,000|
73,000
Brownsville, Milan. Arlington and Grand Junction, TenAlexandria Receipts and Shipments.— Through arrang^essee, and Marion, Arkansas.
No damage is thought to have
been done. Picking and marketing have made good prog- ments we have made with Messrs. Davies, Benachi & Co., of
ress.
The rainfall reached two inches and seven hundredths. Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
The thermometer has averaged 63, the highest
being
e
e 84 and
are the receipts and shipments for the past week and for the
the lowest 43.
Aashville, Tennessee.— There has teen rain on two days corresponding week of the previous two years.
during the week, the rainfall reaching forty-seven hundredths
Alexandria, Egypt,
of an inch. The thermometer has averaged 71, ranging from
1891.
1890.
1889.
October 7.
mometer
62, highest 82,
•
40 to
88.
—We
Mobile, Alabama.
have had rain on two days of the
week, the rainfall reaching twenty hundredths of an inch.
Killing frost occurred on Thursday in northern and middle
sections and light frost in soutliern sections of Alabama and
Mississippi.
Picking and marketing are active. The thermometer has ranged from 46 to 86, averaging 72.
Montgomery, Alabama.- It has been dry all the week—only
a trace of rain—and picking and marketing are progressing
i»pidly.
the past
The grade is excellent. The weather has been cool
two nighte, but no froat here. A slight froet is re-
Beoelpts (oantars*) ....
This week
Since Sept.
1.
160.000
399,000
This
Since
week. Sept. 1.
170.000
546,000
1
This
Since
week. Sept. 1.
135.000
313,000
ThU
Sinet
week. Sept. 1.
1
Exports (bales)—
To Liverpool
To Continent
'
13.000
2.000
Total Europe
15.000
A oantar U 98 Doono*.
81.000 10.000
1.000
9.000
36,000
1,000
35.000 12,000> 39,0OO|l 11.000
31,000
29.000
6,000!
9,000
3,000
1
THE CHRONICLE.
538
to-mgh
Manchester Market.— Our report received by cablefor yarns
states that thejnarket is firm
from Manchester
and strong for shirtings.
Merchants are not willing to pay
and
We give the prices for to-day below,
for
previous weeks of this and last year
T^esent Dnces.
F^vltCe
for
comparison:
1890.
1891.
32«
8H
Co-p.
Bept.4 7
18
Sot's
Oot. 2 7>«
"
9T>e
Mid. 32»
Uplds
Shirtingt.
Twift.
d.
OoU'n
Ibt.
d.
8.
d.
«.
d.
5
®7
«7
1
5
a7H 5
17^ 5
nT'e 5
9'«^7
1
e7%
9
5 10
9
9
m
a?
m
1
«7
9's»7 2
d.
d.
8%
8%
8%
<7op.
2i«.
Shirtings.
d.
SSI's
6
38»8 6
4'8
98»8 6
4i3l«
4% 8^8 aSOs 6
478
S'lnfflSlii^ 6
41B,„ 8^']B'^8llfl 6
4''8
8H
OoWn
d.
Mid.
Vpldt
d.
8.
4ia®7
4isa7
41337
41^97
5'''l6
41a «7
41s »7
5!^
513,8
Focal bale»^
Scottish Prlnoe,
-•-To Kcval, per steamer Birch. 3,830
SAVANNAH-To Liverpool, per steamer Norfolk, 5,364
To Genua, per steamer Jesmond. 4.000
;,-x\;;
OHARLtSTON—To Liverpool, per steamer Moruca, 3,965..
West Point—To Liverpool, per steamer Flaxman, 3,437 ... ..
Boston-To Livemool, per steamers Columbian, 307...
.........
Michigan, 1.990... Samaria, 501
Baltimore— To Liverpool, per steamer Queensmore, 1,869...
To London, p^r steamer Minnesota, 200
To Bremen, per steamer Muiichen. 2.225
To Hamburg, persteamer Gothia, 900
To Rotterdam, per steamer Mendelisoha, 100... .... ......
PmLADBLPHiA— To Liverpool, per steamers Lord Clive, 695 .
To Havre, per steamers Empress, 5,025
9,924
3,830
5,364
4,000
3.965
3,437
4,899
800
2,223
900
100
595
104,527
-
Total
2,798
1,669
particulars of these shipments, arranged in our usual
form, are as follows:
Bremen Ritter- Rival S'lnna,
Hull
and Mal'ga d
<* Bam- dam dt
Liver- d 'ondon. Havre, burg. Antie'p.Steltin. Qtnon. Total.
pool
20,512
550
2,214
4,552
426
288
12,482
New York.
5,976 22,001
8,500
N. Orleans. 7,f.25
8',830
36,761
9,924
Galveston 23.007
9,364
4',6o6
5,361
Savannah
3,965
3,965
(JIbarleston.
3,437
West Point 3.437
2,798
Boston
2,798
5,094
3,125 "ioo
203
1,669
Baltimore
595
595
Phlladelp'a
The
5%
Hand-Book for Daily Cable Records of American,
Mr.
East Indian, Egyptian and Brazillwj Cotton, &c.—
John Jones,
fVoL. LIIl.
of Liverpool, has just published his twenty-first
cotton
annual issue of the daily cable records of the principal
informauseful
other
considerable
with
world,
crops of the
The pages are so arranged as to leave a column on each
tion.
aS received, the daily and weekly figures for this
inserting,
for
year side by side with those for previous years. The book will
be found on sale at the office of the Commercial Telegram
488 10.35016,177 2,314 4,380 9,976 104,.527
Total.... 60,842
Below we add the clearances this week of vessels carry. ng
•3tton from United States ports, bringing our data down to
Bureaux, 83 Broadway.
the latest dates:
—
To Liverpeol-Oot. 2-Steamer Fulham, 4, 115. ...Oct. 5
Jute Butts, Bagging, &c.— The demand for jute bagging Galveston—
Steamer Edeiimore, 5,511.
have
quotations
been
and
week,
past
the
has been fair during
To Vera Cruz—Oct. 5 Steamer Harlan, 1,000.
„,.„
firmly maintained. The close to-night is at 5%c, for \% lbs., NEW ORi,KAN8—To Liverpool- Ojt. 2 -Steamer LaBxell, 3.14b. ....
Franclsca, TiOOO
Steamer
...Ojt.
6—
Alava,
4.526.
Dealings
in
grades.
5-Ste»mer
standard
Oct.
for
and
lbs.,
6J^c.
6^0. for 2
Oot. 7— Steamer Costa Blcan, 10,395.
jute butts have been on a limited scale, on the basis of l^gC.
To Havre— Oct. 3-8teaiupr ChoUerton, 4 850 ...Oot. 6— •Steamerqualities.
bagging
for
and
23^c.
grades
paper
for
Havre, 6.335. ...Oct. 7-Steaiiier Aldersgate. 6,fi78.
To Liverpool— Oct 7— Steamer Larnaca, 7,137.
Memphis District Crop Report. Messrs. Porter & Macrae SavannahTo Bremen -O t. 7— Steamer Lamington, 10,037.
of Memphis, issued on October 1 their report for September
'HARLBSTON— Po Llvcrpool-Oct 8 -Steamer Euttcld, 5.679.
on cotton in the Memphis District, summarizing it as follows: Wilmington— To Bremen- Oct. 7-Steamer Sheenieas, 6,600.
To Havre— Oot. 5— Steamer Yesso. 2.200.
We beg leave to submit our regular montlily report for Septemb r on Norfolk—
Boston— To Liverpool -Sept. 29 -Steamer Vlrdnlan. 1,670 ...Oot. I —
tbe coitv n crop io tbe Memi>hU District. The report is made up from
Steamer Kansas, 2,309.
Pavonla, 1.205... Oct. 5
Steamer
letters of in qulry sent o at Sep' ember 25, and bear average date of roiuru
—
iJtLTiMOKE— To Liverpool-Oct. 1— Steamer Baltimore, 1,196.. Oct. 6
September 28.
447.
Steamer
Caspian,
ARKANSAS—The condition has uteadtly declined from the flne prosTo Havre-Oct. 3— Steamer Prodano, 1.200.
pects of August, and the cause is attributed to cold weattier In that
To Bremen -Oct 7- Steamer Stuttgart, 3,623.
month aiid ihe exoesfive heat during September, wh oh ciusert rapid
To Rotter tam -Oot. 6— Steomer Patajisco, 200.
ff
small
bolls.
The
premature
oi'enli
estimnied
the
and
g
Bhed<linfi;,
Philadklphia— To Liverpool— Oct. 6— Steamer British Princess. 383.
yield of lint cotton Is quite a surprise to us, beiu:^ only 198 pouids vs.
—
.
last year, and showing a greater los.s than the percentage
There is little or no top crop, and those ofouroorreof yield indicates
Bpondents who report any, say it is very light t.r small.
285 pounds
MISSISSIPPI- Has fared a little worse than Arkansax, probably on
SCO 'unt of having a larger upland territ ry; out the ^ame c mdition^
have pr.vail^d. Th>- yl Id ot lint otton )er acre is e- imateri at 182
pounds vs. 244 pounds last > ear, while the perc-entage of yield as com
pared with last year is 27 per cent lesx. The same is said ot the top
crop as in A b»nsaB, small, or very light where there Is any at all.
TENNhSSEE— Oue hundred and df ly-three c rrespondents say the
month past ha» been very unfaTorable, on account of the intense heat
doing great injury, forcing ihe small bulls, and causing all the top fruit
to drop off On :y fifteen say there la any top crop, ana that very light.
The yield of lint ot'on is est mated at 165 pounds vs. 230 pounds last
year, ana the percentage of yield is estimated at 23 per cent below last
>
>
year.
NORTH ALABAMA— Has declined less than any portion of this d'sthough the crop in that section is estimated nt 20 per cent less
than last year. Ihe yield of lint cotton is estimated at 158 P"uud8 vs
201 pounds last year Five currespondents estimate their crops at 10
to 20 per cent better than last year, and these lew replies we ma^e
special mention of.
The repirt, as a whole, is decidedly the poorest we have
ever issued at this season of the year.
The decline In confrom the 15th of August U the grea est we have
dition
ever known, and Is due to the very cool weather up to the 5th of September, and Intense h-at tlnce. While the weather hns been decidedly
making fruit, ii; has been, so far uniinfavorable for growth
trloi,
Below we give
Shipping
Nkws.—The
exports of cotton from the Unit<-o
mail returns, have reaoheo
States the past week, as per latest
104,627 bales.
^''''*"'**-
Hew York—To
Liverpool, per steamers Arizona. 791
BessPl, 2,240.,.. City of Berlin. 1,274. ...Etruria 347
Holland, 2,668... St. Pancras, 5,162
To Hull, per steamer Sophie Rlckmers. 103
To London, per steamer Tower Hill, 185
To Havre, per steamer La Bourgogne, 426
ToBrenien, per tteamers Ems, 975
Havel'sk^
»voi, o4d
Kaiser Wilhelm, 632
To Hamburg, per steamers Amalfl, l,65'6.'.".".Ru^a,'5oo"."/.^
To Kotterdam, per steamer Veeniainrie
To Antwerp, per steamers c^hlcago, 400..'."CoiIntv"iftn""
—
_Nederland. 1.062.. ..NoordlandTese....'^' ""
ToStettIn, per steamer Polaria, 550 ...
*"^ ORLBASS-To Liverpool, persteamer GracVaV? '„•:•-.•
523
To Bremen, ner .'!*""".?.
sleHmnr Kiirnnoo« ^-^
k nnn'
..^.".''.?**"'
P" bark
'" A^gMZ^i-SOO.
To Hamburg, per steamer Markomannia,'
To Barcelona, per steamer CrraTbarCoTou,' 4.976
ToMalaga. per steamer Cristobal Colon, 1,000
»AI,VB»Toii-Tp Liverpool, per steamers Caetleaeid",'5"id6""
Rita, 5,375. ...St. Clears, 6,250....Trevalgan,
6
276
i9iao
in^
TqJ
ISr
o ,0:,
I
Do
Mon.
i^a
'32
"m
"61
"d4
....
l'«4
....
....
....
'sa
'S2
7sa
732
73a
'sa
....
....
....
1^2
'.sa
'sa
732
'32
73.2
....
....
....
73a
7sa
'32
bia...d.'
Havre, steam... d.l
Do
<f.l
Bremen, steam
.
Do
.d.
Hamburg, steam. c
7,j,
c'
'..a
....
30-
'
Do
Do
d
50
50'
steam ...d.\
Antwerp, steam. d.
.no
kt
kt
"t
>*f
^t
H
^4
\
H
54
H
H
'^
B,j
t
>ifti»'i« 11,493,8 Hei-a-'u
"4
"«4»'l8 »«-3='l
Steamer October 15t ti.
—By cable from Liverpoo
statement of the week's
sales, stocks,
SepL 18
Sales of the
9,ja5,,
....
H
\
lus.
LiVBRPOOL.
»32'a'">i«
Ht
Trieste,
week
bales.
Of which exporters took
Of which speculators took..
Forwarded
Total Import of the
Of which American— Estlm'd
week
Of which American
Amount
7,a
>4
Barcelona.steamd.
Genoa, steam... if.
I'ZSS
23,007
80"
60-
1
Total stock— Estimated
'
^\i
e.|
Beval, steam.. ..d.'iB6«9032 »3a»»i» »sa®5is •sa®"!*
'••.r
Fri.
....
....
Amst'd'm, steam.e. 453.50'
6,800
innS
Tue».
1
d
Do
Wednes. Thur:
Satur.
Liverpool, steam d.
'i-ii
7 %Vi
7.8.^5
to.
Cotton freights the past week have been as follows:
^,iai
^''*?2
to dat;e of disasters
M
ad
?irecedented for picking.
Our friends advise us that fully threeourtbB of the crop In the uplands is o cned, and one-half in
the biittoms, and ve y rapid progress is being made in picking
The yield of lint cotton per acre is estimated at 17b pounds vs 248
pounds, while the per centage ot dec reate from last year is estimated^
at 24 per cent. Between thise two estimates their is a disc-epanov of
about 7 percent. The ttnal results heretofore have been in favor of
the yield per acre as being the most correct, but we give the figures as
we g.-t them. The estimate of damage from all causes is put at 30 nei
cent, and is reckoned from about August l.ltn. when the oron was at
its best. There is little or no t< p crop, and those wuo write
they have
one, say it U small or verj- light, tl-ost is yet to come and w 11 do
some damage at almost any «aie, but we thluk a frost on the 7tb of
October (as in 18S9), would do less iujury than it did on the 27th of
October last year.
news received
all
vessels carrying cotton from United States ports, &c.
Chollerton. steamer (Br), from New Orleans for Havre. A flr»
occurred in a lot of cotton on steamer ChoUerton. night of Sept. 29.
One hundred and seventy-eight bales were discharged the foUowlug day, five ot which were damaged.
Louisiana, steamer, at New York, from New Orleans. A Are occurred
A. M. of October 7 in the lower hold of steamer Louisiana, which
arrived Oct 6 from New O rleans. The fire was extiugul»hed, and
her carno in now being discharged. There were about 500 bal. a
of cotton in the lower after hold, and It was necessary topumii
the compartment full of w ater before the Are was extinguished.
The los- bv Are and water will amount to between $1»,000 and
$20,000, mostly covered by insurance.
Fifteen bales of cotton consigned to
Madrili-;no. steamer (Span )
steamer Mudrileno. and two bales for steamer Alava. were discoveied to be on fire Oct. 1, at Tost 27, Flrot District, New
Orleans.
Chickasaw, qteamboat. of the emphl.4 & White River Pa cket Company,,
sank Oct. 6, at 4 A. M.. at Cat Island Crossing, 16 miles below.
Uempbis. She had 580 bales of cotton on board and was on heri
way to Memphis. She is liable to break in two and prove a total'
wreck. Cotton fully insured; vessel insured for *20,000.
afloat
Of which American
,,
53,000
4,000
4,000
41,000
6,000
64,000
746.000
551,000
20.000
15,000
70,000
50 ,000
we hive the following
&K., at that port:
Sep (.25
4 9,000
2,503
400
3 9.000
5,000
9,000
7! 1.000
51 6.000
S
9.0001
4.000
0,000
S 0,000
1
r
0:i.
2
66,000
2,400
4,500
53,000
4,000
58 000:
Oct.
9
69.00<
2,90(
3.00<
59.00'
4 00
65 00.
nno
fiSS.OO
504,000
474,00
«fi7
000
aiOC
31,000:
28,00
lAO.OO
130,00
."»B
JO.ii
000
95.OO0I
OOTOBBB
10,
THE CHRONICLE.
IBM,]
The tone of the Liverpool market tor spota and futures et^ch
day of the week ondiuK Oct. 0, and the daily closing prict n
Corn for that month brought more th^in In any
But it was at once reported f.li*t the reu.4ipt«
at Chicago embraced considerable <iu*ntities of new c irn in
fair oonditlon.
The drought, it apuoared, had brought forward the new crop v«ry rapidly, and the priMpect of these
early supplies cacisel the decline that followed. The ri«e on
Wednesday was mainly due to sympathy with wheat. Today the market was r.ither Hriner, in syiuptthy wit'i wheat,
but transactions small
No. 3 mixed ttold at OiiJ.(U.@U'tc.,
in elevator and adoat.
contracts.
oth<<r position.
of spot cotton, liave been as follows:
Saturday Monday. Tuesday. WldHtB. Thur$cFy. Friday.
Spot.
Hikrket,
1:45
I
M.)
p.
In bsjera
faror.
Uld.Ui>l'ds
SteadT.
4Tg
4'«
4 '8
10.000
1,000
10.000
1,000
12,000
1,500
41'9
8,000
Bales
Spec Aexp.
In buyeri*
trirm.
(aror.
Steadier.
500
4ie„
4i4ia
15,000
2,500
;
12,000
1,000
Fuliiret.
Market,
1:45
Market,
ket,
4
Baarat
Steady at
1.04 ad.
oline.
.Tano*.
r.
Steady at Steady at
1-64 adl.iMa2-«4
Tanoe.
adTiuKie.
at
Vary
Kuj.
I
p.
Basr
deoHne.
Dall at
de-
!MH
cline.
Barely
ateady.
rirm.
Irregolar.
Bt«aU7.
The opening, highest, lowest and closing prices uf futures a t
Liverpool for each dav are given below. Prices arj on Ih e
basidof Uplands, Low Middliui; clause, unless other wise atitei
TAu.i
The prices are i/iven
pence anil OUh.
4 U3 mtant
4 u3-tU(i., and 5 01 incaiui 5 l-iH<l.
:
r^
m
.
Tnea.. Oct.
Mon.. Oct. 3.
8at.. Oct. 3.
I
Optn' Bioh\Lou>.\ Clot. Opan fli«k Lov). Oloa. Oftn
d.
October.
..
Oct.-NoT...
d.
« 48
U 48
NoT..Deo...| 160
Dec-Jan.... 4 63
Jau.-Feb....|4 5&
Keb.-Mch.J 45;
I
!
It.
4 49
4 49
418
448
4 SI
4 60
4 49
4 49
4 51
45a 463
4 56 156
tM
4 57
4 57
57
4 60
4
May-June.. 6 01
Juiie-Joly...
July--'VnK...
6 03
—
4 55
SOI 6 01 5U1
504 6 03 sot
Wed., Oct. 9.
Upei,
October....
Oct.-JSoT.
Nov.- Dec.
Dac-Jan...
Jan.-Feb...
Feb...Mch..
Hint Lnw.\
d.
A.
d.
4.92
4 55
4 56
4 57
4 59
4 62
4 52
4 55
4 55
4 57
4 59
4 61
4 63
5 02
5 05
5 08
5 10
4 51
4 56
4 58 401
4 54
4 56
4 58
460 463 160
Mcta.-AprU
Aprtl-May.
4I>S
5 02
4 63
5 02
51.6
5Ca
May-June
508 5 04
5 07 510 6 07
.
Jane-July..
Jnljr- Aug.
Clot,
<t.
4 52
5 04
d.
d.
d.
d.
4 61 4 61 4 61
4 52 4 51 4 61
4 51
454 454 4 53 453 4 52
4 66 466 4 55 455
4 64
458 468 4 57 4 67{ 4 66
460 4 61 459 400' 4 59
4ta 463 4 61 4 62! 4 61
6 01 5 0* soo 500 4 63
504 501 6 02 5 03^ 5 02
5 06 507 605 sosi 604
609 5 09 5 09 609i
d.
4 52
4 62
4 62
4 53
4 55
tt.
1
d.
d.
4 61
4 51
4 52
4 52
4 53
4 52
4
51
45;
450
4 55
4 67
4 80
4 5»
ISO
4 62
5 01
4 61
4 62
463
5 04
5 03
506
5 01
5 01
5 04
5 08
j
4 59 460
Aprl!-May..l l«a 402 4 A3 4 6«
Mch.-Aprll.'4 69
4.
4 53
4 52
Tbnn,,
Open
Oct. 8.
I
I
!
FrI., Oct. ».
J7l{ik
Low.
Olo».
Open
li.
d.
d.
d.
4 58 458 4 07 4 58
468 4 58 ih7 4 58
4 59 4 69 469 4 69
4 50
4 01
4 64
454
Bitih Lrtw.]
(L
It.
4 67
4 57
4 54
4 57
4 57
4 38
182
4 61
4 57
463 463
4 61
4 63
463
5 03
6 01
5 03
4 00
4 62
4 02
6 01
5 01
4 61
604 5 05 604 604
5u7 5 07 506 5 07
500 510 6 09 609
SU 512 511 512
Giiia.
4 54
468 4 53
460 157
4 60
4 62
4
60
DAILT CLOSINO PSICBS or MO. 3 NIXUU 0OB:<.
,sra(.
W>m.
r<iet.
Wet
Tuitri.
rri.
5!»"8
.0.
993^
Ootbberdellvery
«l!|l
0»>4
60 «
00>9
at
November delivery
0.
60
liOls
)10<4
aoH
BO'S
•56
Oeoemberrtellvivry
0.
65
sit*
51%
Sl'e
51't
Janoary delivery
513g
o.
5l'ii
51% 52
6l\
52
May deUvery
0.
5138
507,
6138
50%
51 <
5l7a
Oats have not been taken ao freely for export, but the crop
movement was not lar^e, and prices show no material decline.
To day speculation was dull, but a fair local trade
was done.
OAILT CLOSING PRICIM UF HO. 2 HIXBI) OATS.
itnti.
Sat.
Tuet.
Wed.
Tliur$.
frt
3-4
0.
33
0«n delivery
33
3Z^
3<
34'4
NovcinUer delivery
0.
.<i3:«i
SS"*
34
3)^%
33>4
DHceiulHir ilxllvery
31-^
0.
35
3t>4
31 3g
34%
3t>4
MayduUvery
0.
37%
37
37
37
37
37'i
Rye has been more active at h irdeni'isj values. Yesterday
saleH for export were reported to the extent of 100,001 baihel's
at 95@95>{c., c. f. i., for No. 'i to arrive, and to-dar 40,000
bushels at the same prices.
Barley has met with a moderate demand at steady prices.
M^
Buckwheat is firmer.
The following are closing quotations
(Corresponding
barrels.
these figures):
r,01
500 503 500
5 03
5 05
5 09
5 03
5 03
5 05
5 04
511 508
5 11
5 09
.
flour in
below
.
|
The movement of breadscutf s to market is indicated in the
scatement below, prepared by us from the figuras of the New
Vork Produce Exchange.
We first give the receipts at
Western lake and river ports, arranged so as to oresent the
oomparative movement for the week ending Oct. 3, 1891,
tnA since A.Uitust 1, for each of the last three years:
ot-
WhMU
*Iour.
IMj.KMIb
dhlOMO
1891.
The market for wheat flour has been without importaa
feature and changes have been alight in values. On Monday
thf re was some depression of tone, and on Wednesday holders were inclined to ask more money
yet the range of values
remained substantially the same. The difference was more
of that between a dull and an active demand than in any
other particular.
To-day the market exhibited renewed
strength and was fairly active at somewhat better figures,
90.356
but generally late prices ruled.
The wheat market was depressed early in the week, with
the export movement small and the speculation sluggish,
with an uncertain tone. But on Wednesday it was reported
that Russia was about to prohibit the export of wheat, and at
the same time it was said that the heavy rains in the Northwest had damaged wheat in the stack, besides obstructing
the work of threshing. There was, consequently, an active
and buoyant market for futures, without, however, any revival of business in the spot market, whether
for export or
local milling.
Next day the story from Russia was denied,
and prices fell off, but the stories of damage by bad weather
in the Northwest were repeated, and caused
a recovery from
t^e lowest figures of the day. To day there was renewed
Mioyancy, on firmer cables and bad weather reports from the
Northwest. The export demand was more active, shippera
taking 84-1.0
bushels', including No. 3 red winter at |l UTL'
afloat, No. 3 do at 89o. afloat and No. 1
Northern at f 1 W%.
UAILV CLOStNO PBICKS OF NO. 2 KBI> WINTER WHBAT.
*''•
Tae».
^»".
Wed.
TAttr*.
Fri.
n
.
....
Ootolierdf
livery
o. lom
104
lOl"*
106 >«
1065b 105%
Noveiubi-r delivery... .0. 10618
10.5-4
1H7I58
105%
10778
107
Iteoember delivery
0. 108
\m^ 10738 109!^ 10878 109 1«
January delivery
0. 109»a
108% lOUU Hl>| 110>4 lit
Febrijary delivery
e. Ill
110:iS
lU
1125^ 112
112<<8
JJa^:^';le"v«ry
c
luvg J1214 114
113% 111
,
lM>s" -.—
113%D 1134
> &v Q
a.a.i^-0
115>4
115% AA-X'g
114«g
AKV-^
The market for Indian corn has developed some special
0.
features of interest.
Early in the week the smill crop
movement excited apprehensions of a deficiency in early
Buppues, and there was an exceptional
advance in November
908,48;
8,120
82.886
331.142
Ooloth.
lilnMapolla.
roledo
M,B80
2,341.809
l,8»t.8O0
1.238
335,500
169,561
55.026
818,800
23.500
.
.S.700
31«T«land....
11,697
)t.I.00il.....
29,796
.
PeorU
rot.wk.
S,a(»|
au<V4S
7,189
14.510
179.630
72.800
IS
Bii.
641,315
Vl'f
1.263,367
11 3,0 JO
442,90C
15.000
49,813
91,492
815,745
332.001
1,800
43,180
8,889
81,900
31,300
83jr71
4,950
.
10,800
«W.
Barbli
oott.
Biu'>.3215<
0.
1,179.854
MUmakM...
>«tralt..
Oora.
BiMVaoli, 9«l»i.5«
;
"*y<««'"»'^'T
wheat
sell slightly
FU>OB.
Fine
$4 90 S$5 25
V bbl. $3 20a$3 «5 Pateat, winter
Saperaoe
3.W»3 95 Clty8UI|ipln/,extrae. 5 25« 5 30
3 90a> 4 00 live flour, aiiliertlno.. 5 Oil 9 5 20
Extra, No. 2
Extra, No 1
4 1(>B> 1.50
Fine
3 75» 4 00
Clears
450a 4 7.5 Giro ineU—
vVo.slerii. io
SiralKhts
4 703 5 00
32.t»140
5 15(t 5 50
Patent, sprint;
Braudywine
3 759380
Buckwheat Hoar per 100 lbs., $2 05 3 $2 20.
GRAIN.
Wheat—
0.
0.
Corn, per bush.—
Wesfa mixed
60 (» 62i«
^iirlnx, |ierbiiHh...l 00 9112
W'n luli. No 2
Red winter No. 2.1 08 ® I 0714
»
Ked winter
We8t'u yellow
98 ®l 10
61 9 63'
100 ®107
Western wbica
Wiilte
61 9 6J>9
Data— Mixed.. « bu. 32>i9 34>i) Rye White.
Western, per binh
34 a 40
95 » 97
33isa 34>4
sttvte aad JnrH,<v
No. 2inlX'id
93 a
No. 2wbite
35 a 36 "4 BATley— .Vo.2Wcdu'n. 71 9 72
Backwheat
53 9 60 1
euat/tru
BREADSTUFF S.
9,
for
grades in sacks
|
6 03
6 00
Kkidat, October
539
.
487,637
63,580
...
77300
..
-..
1,343
237.662
7."03,5S"3
1.201.318
2.307.147
1.231, 181
700.531
28g.23tj
S.3J >,992
3,401,048
1.721.148
874.710
3,941,9^
2433,215
2.101412
2,03^.947
l.«7,«66
99,409
288,541
1891
1890
2,018,646, 61019.608
2.126.260 2.).108,671
34,555.539
23.495,164
5.310.063
7,494.7 ?4
22.313.465
7.20 J,««
1888....
9 061.658' 29.870 (MS
*Srt'*8.lSI
21 20S »9i
3.5.58
1.067.651
1 4IJ.411
"91.
Urn* wk.'Sa
Same wlcW.
«4n«
A ..J.
1.
1
1
23.4<n.723
018
Below are the rail shipments of flour and grain from
Western lake and river parts for four years:
1891.
noar
*be»»
Jom
1S91.
Week
Week
Oct 3.
Oct. 4.
ms.
IS49.
Weet
•
Week
OcL 6,
291.911
Osl. 5.
bbU.
286,736
243.133
181, 15i
busli.
1.099.19S
407.863
1,330.051
305,472
160.87J
519.395
5(9.242
1,461.986
328,196
62.0 J 4
542,380
370.841
4l9,ttn
95.377
50rt,45i
3,303.163
2,891,153
3,395,19J
3.971,005
>at«
Barley
Rye
Total
Ttas receipts it tioiir aa 1 <r ita at the
3. 1891. follow:
9-;7.l!»l
632.774
3 48.794
1,353,625
74,360
seaboard porta for the
waek ended Oct.
Flour,
At—
KewTork..
bhlt.
Wheat,
Oorn,
btith.
btuh.
153.233 1,309.150 1,217,775
Bottoa
70.734 11.8.476
80,012
Montieal
22.787 3S7.t2l
600
PblUulelphla.. 76.286 352,151
7i,08l
Baltimore
72.529 337.079
12.913
aiohmond .... 4.275
10.960
.5,432
Orleans..
9,818 185,000
11,235
Vw
OaU,
hHth.
Barley,
hiith.
It ye,
busk.
576.050 72.250 807.100
317.774
800
68.163 47,529 301.354
121.239
38.,582
92.918
16.7.1i)
300
40.985
week 408,662 2.685.217 1,429.080 1.081,52 2 119,779 652,772
week '90.301,161) 291,249 1,570,125 1.037,005 12:,'.) )o 18.063
The ezporta from the several seaboard ports for the wee^
diUnff Oct, 3, 1891, are shown in the annexed statemeqt;.
Total
»r.
THE CHRONICLE.
540
Exports
Com.
Wheat.
from—
KewYorlt
78,433
Boston...
Portland
Montreal.
226,735
100,778
347.769
144,970
PhlUdel
Baltim're
». Orl'na
26,586
57,030,
40
112,067
59,101
Buth.
7,058
20,322
Ru<A.
452,269;
Butk.
8,461
li'.eVi
46',498
159,949
30,230
Bblt.
•BuMh.
982,167 1,266,165
Ktwh.
Peat.
Byt.
Oat$.
tUrur.
35,804
55,831
32,497|
20,000,
295
125
62,899
H.NewB..
BlolunM .
'£ot.week. 1,874,851 1,349,946
8'me tlmel
117,611
1890...I
818,638
337,669
67,878
117,163
4,406
664,715
33,691
39,064
m
granary
grain, comprising the stocks
lake and seaboard
at the principal points of acournulation at
ports, Oct, 3, 1891:
Bar ey
Rye,
Wheat,
The visible supply of
b\uh.
In store at—
Hew York
Do aBoat
4,834,582
88,000
Albany
1,485,893
3,239,273
Balfalo
OliloaKO
MllwaulTflft
Do
afloat
Doluth
—
281,067
1,561,111
1,487,088
Toledo
544.415
40,000
2,550,852
....
Detroit
OsweKO
Louis
St.
Do
bufli.
butlK.
412,360
54,900
28,600
101,240
625,589
81,989
55,834
62,936
2,609
193,510
53,913
39,536
15,200
20,000
156,177
afloat....
6,000
13,542
28,455
79,371
988,329
6.248
44,715
691,773
1,594,952
3,379,342
34,233
Oinolnnatl
Boston
Toronto
Uontreal
PWladelphla
Peoria
Indianapolis
Kansas City
Baltimore
* Minneapolis
On Mississippi...
On Lalces
3,073,8.15
On
1,704,000
canal & river.
"aiooo
33,822
"2,506
50.117
3,516
2,543
27,104
22,968
11,5S3
375
1,963,996
1,128,800
267,541
34,470
19,000
74,073
1,450
127,722
174,650
451.277
200,868
77,876
211,518
44,014
11,320
726,241
118,100
bu*i.
buth.
775,995 1,588,436
139,400
34,800
14,600
367.313 126,624
1,444,633
2,762,039
898
1,000
9,882
13,000
1,879
15,966
549
3,500
213,924
196,3H3
276.857
41,718
46,281
32.233
25,000
46,388
2S,000
1,368
23.357
32,714
4,481
1,048
14,300
31.545
186,662
3,504
33,360
71 ,"016
265,600
1261097
136,600
27,755,056 7,546,5815,851.281 2.169,142 1,263,617
Tot,Oot.
Tot.8ept.27,'91. 26,861,537 8,887,00s) 5,470,224 2.538,201 1,263,707
584,155 3,231,075
4,
17,0.')9,092
8,721,426 4,024,888
'90.
TotOct.
845,987
Tot. Oct. 5, '89. 18,849,813 11,511,974 5,815,516 1,183,019
3, -Ol.
THE DRY GOODS TRADE.
SBW YOKK. Friday P. M., Octoljer 9, 1891.
There has been a quieter market during the past week than
has been experienced for a considerable time past. The de-
mand
for all fall specialties has fallen off very mattrial'y,
and in ft» pie cot tons orders are less numerous than before, and
with rare exceptions for small-sized lots only. Under 01 dinary circumstancf s this would have caused no disappointment, but business has all along been conducted on such a
conservative basis that it was expected buyers would con-
[Vol. LII,
I
low-grade bleached and dyed makes, such as flat-fold cambrics and cotton linings. Brown sheetings and cotton flannels
are well sold ahead and in steady request, whil'^ colored cottons are in good shape in all reputable makes, with fair orders
from cutters and exporters, but an indifferent request from
jobbers. Fall prints and ginghams were slow throughout.
For new spring styles in the latter there was a gooi request
and a satisfactory businss was reported in fast black dress cottons, fast black satines and white goods for future delivery.
Spring ginghams have opened without change in price from
Print cloths continue unchanged at 3c. for
last season.
64x648 and 2 li-16c. for 56x60s, but the demand ha8_i
fallen off. Concessions to buyers have been made in some
odd numbers,
1891.
Oet. 10.
aioek of Print Olotht—
Held by Providence manufacturers. 263,000
172,000
Pall River manutaotnrers
None.
Providence speculators
None.
Outside speoulators (est)
435,000
Total stock (pieces)
Domestic Woolens.
1889.
1890.
Oct. 11.
Oct. 12.
454,000
337,000
335,000
37.000
Ncvne.
Nouft.
5,000
3,000
798,000
273.000
—This department has been practically
featureless throus:hout the week. The demand has, it anything, been even less th.in last week, as in addition to the unfavorable weather influences, the Hebrew holidavs have kept
Heavy-weight business in men's wear is
bacfc some orders.
slow, orders being few and for a limited number of pieces
only, while spring goods are comparatively neglected outside
Frequent cancellations continue a
of a few leading makes.
disagreeable factor, and some agents, instead of makint< progress, are worse placed by reason of these than they were a
week ago. Prices are quoted steady as a rule, but buyerj
have the advantage in some instances where there
has been a preliminary divergence of views between them
and sellers. Overcoatings were quiet, but for cloabings the
demand continues steady and of fair extent. Satinets, doeskins, Kentucky jeans, flannels and blankets were all without
change from a week ago. All-wool and worsted dress goods
in fall makes were inactive, but fair orders were reported in
some new lines of cashmeres, Bedford cords, &c., for spring
novelty in the coming season will ba the first
delivery.
successful American essay in printed all-wool cha'.lifs, the
A
Pacific Mills, after long experimenting, having succeeded in
producing styles likely to compete with the beat imported
French challies.
Foreign Dry Goods. Business in Importing circles has
again been dull in all branches of fall trade, neither jobbers
nor retailers placing orders for immediate execution with
any freedom. The bulk of business for spring deliveries has
Prices
also been concluded in various lines of dresa goods.
are generally steady, although some new styles of all-wool
and cotton-warp makes are cheaper than they were a year
—
ago.
Importations of Dry Goods.
tinue their purchases without much variation in the usual
The importations of dry goods at this port for the week
betweeE-seascns interval. That they have not done so is a ending Oct. 8, 1891, and since Jan. 1, and the same facta
disappointoient. The general tone, while quite steady, re- for the corresponding periods of last ve.ir are as followsflects this'in the disappearance of the mild buoyancy which
prevailed during part of last month. The cause of the check
o
2.
to trade is pretty unanimoutly agreed upon. The weather
|S5?|ll
has been unseaeonaDly warm, and the distribution by retailOp
": I
ers of their fall etccks has been delayed in consequence.
*
§!
I
o
a
Jobbers have experienced the effect of this in the absence of
8:
I
a"
3
b!
a duplicating demand, and their purchases from first hands
g:
i
Si
•
o
have in turn been decidedly light. It is believed that a good
ii
supplementary fall trade has yet to come forward. Reports
•a!
T
from the West and Northwest indicate light stocks in second
^M
hands, and local jobbers also have had their assortments CD
"01 V]
OO CD M O
?3
o -4 at to A.
Agents are carrying unusually small 3
(£C0
iC>P-tOCOCO
badly broken up.
CO *1 <J 00
WO-JOtO
C0 01*»-OC0
O'ff)
CO
supplies of fall fabrics, and leading makes of staple cottons
com'
tO^-O-^M
aie generally reported in very fair shape. Collections are
MfOM**.
OSCO
C0Oi-*rf».©
tOmO
KOS
progressing more regularly than a year ago and few com- 2 rf>-OS f»0'-' WW
M,t*0 ^<t^
CD M a> to Ot
Mc':oo»
COCo'tOJlM
tf^H wb»co
plaints are heard of backward payments.
ot -) t^ 10
w O) a
^-OCOUti^.
a)Ococ3if*>
OoHESTio C!OTTON GOODS.—The exports of cotton goods CO 05 S
(ram this port for the week ending Oct. 6 were 8 494
h-MMHCO
ptckages, valued at |177,481, their destination being to the
CO -1 CO
CO
p lints specified in the table below:
Oirf^-tOOlM
bVcDCob
OGD
:
.
•
i
i
:
:
:
-.0
!-•
t-.
:r,
^i*
to :0 a:
I
Skw York to
1891.
Oct.
Week. Since Jan.
Oreat Britain
Oslier European.,
Oliina
India
Arabia...
,
AMoa
West Indies
Hexloo
Central America..
Boath Amerloa. . ..
OUieT countries...
Total
CUna, via Vancouver..
Total.
1890.
194
59
676
308
1,178
6
288
24
120
584
59
3,494
3,494
3,661
1,271
107,466
6,430
10,736
4,649
10,579
3,043
6,756
25,959
2.129
1,
Week. Since Jan. 1
306
129
168
10
75
5
1,220
111
199
1,223
10
182,679
20,807
3,456
203,486
3,456
5,802
2,499
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2,565
7,562
4,812
12,466
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Prom Mew Bnglang nlll points dlreou
The value of the New York exports since January 1 have
bien 9,,544,579 in 1S91, against 16,677,830 in 1890.
In ttaple cottons business has been but moderate.
Brown
sheetings in low grades continue in fair request, but
standard and three-yard makes are quiet both on home account
and
for export. Bleached shirtings were in irregular
demand by
jobbers an4 the shirting trade, and there was less doing
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